Holy Name CEO Shares The Need for Transparency in Healthcare

Steve Adubato goes One-on-One with Michael Maron, President & CEO, Holy Name Medical Center, to discuss the need for healthcare to be more transparent for consumers and the biggest changes we can expect to see in the next few years.

12/3/18 #2179

Excerpt:

"Welcome to One on One. I'm Steve Adubato. This particular program, this segment, is part of our ongoing series on, quote, "The Future of Healthcare in New Jersey and the Nation." And we're thrilled to be joined by our good friend, Mike Maron, President and CEO, Holy Name Medical Center. Thanks for having me. Mike, I hold you responsible. [laughter] I was in your office. We were having a conversation. We were talking about healthcare, and how much we do, and said, "You know, why don't we do a sustained, ongoing effort?" And I thought, we do so much healthcare - medical, clinical programming...? Yeah yeah. This is part of a broader discussion. Why is that important? Well, it's important because healthcare is going through some real dynamic changes - transformation. It's complex. It affects everybody. And you can't repeat it enough with the changes that are going on, right? So they're happening slowly, making this a hot topic at every level, how it's paid, how it's delivered, how it's transforming. To me, ultimately critical. You can't talk about it enough. The Catholic piece? Catholic hospitals? Yeah, so Catholic healthcare... Talk about changing? Changing, yeah. Well, if you look at everything that's going on, Catholic healthcare is changing. We're not... In New Jersey and the nation? And the nation. When I was in New Jersey, when I first came to New Jersey... 31 years ago, I've been at Holy Name, there were 16 Catholic hospitals in the state. Today we're down to four. It is highly probable, given other discussions that are going on, that by the end of 2019, Holy Name is alone. What does that mean? Well... And what are the implications? Is the larger question. Because at the end of the day with all this transformation, personalized care, we talk about population health, we talk about culturally sensitive healthcare delivery, at the end of the day, what does it all mean? In the Catholic Church, in Christianity, Judeo-Christianity frankly... I just gave this talk in a sukkah the other day. So there are two rules, ultimately, that on everything, all stands. Right? And that is love the Lord thy God above all else with all your heart and all your mind and all your soul, and love your neighbor as yourself. We say those words, we kind of dismiss 'em a little bit. A lot of people challenge whether God exists or not. And a lot of people challenge whether my neighbor... why should I love my neighbor? But if you take those, and on those two rules, all else stands. And you apply it. You don't just talk about it. You live it. So Mike, you're not saying..."