A Letter to Healthcare Leaders on ‘Transforming’ the System
MedPage Today December 19, 2024
— Linear solutions won’t work
In any industry, there’s a boundary of performance for which the operational state-of-the-art is attained. This is a place of maximum convergence and hyper-commoditization. It’s a place where expertise of the past has lost its balance, unable and ill-equipped to surf the steady-breaking set of big and heavy waves crushing conventional understanding. It’s a place where the relentless pressure to produce “profit” is distorting the market strategy, putting it ahead of outcomes as the central idea. This is also a place where leading with a battle cry of “transformation” has the inspirational and persuasive energy of an emoji.
This boundary is called the “productivity frontier,” which economist and professor Michael Porter, MBA, PhD, defined as...