Richard Foster ’63, ’66 PhD is the newly-appointed Special Advisor to President Salovey for Health Care Innovation. In this role, he is interviewing university healthcare educators and administrators as well as collaborating with state officials to advise on the future of healthcare at Yale and beyond. Dr. Foster is an emeritus director of McKinsey & Company, Inc. where he was a Director and Senior Partner. While at McKinsey he founded several practices including the healthcare practice and the private equity practices, the technology practice and innovation practice. Since retirement from there, he has been active in many healthcare-related activities, including being on boards with Memorial Sloan-Kettering, the medical committee of the Keck Foundation, and the Dean’s Council for YSM. At Yale, Dr. Foster teaches "Managing in Times of Rapid Change" at the School of Management and serves as the Executive in Residence at the Yale Entrepreneurial Institute.
As we all are more than aware, healthcare and healthcare delivery in America is changing, radically (and sporadically) so in some cases: implementing government legislation is proving to be more complex than many had forecast; providers are continuing to consolidate under pressure from the capital markets and payers at the same time that independent physician practices seem to be growing again; Federal budget pressures are tightening the screws on academic medical centers, the core of very high quality care in America, while primary care is neglected in many areas of the country; EHRs and telemedicine are increasingly becoming the backbone of an interstate healthcare system, but there are at least as many questions as answers in important, but little understood area. In his remarks, Dick Foster will give his perspective on the major issues that are likely to see some resolution in the next few years. He will also speculate about the implications of some of these changes for healthcare at Yale.
This panel will occur at 9:00 am in Harkness Auditorium, and be followed by a panel presenation: "What Will Healthcare in New Haven Look Like in 2024?" Both sessions are open to the Yale and YNHH community, without advance reservations. For more information about the YSM Reunion Weekend visit our website.
We are applying for CME credit for this session, and anticipate that this live activity will be approved for a maximum of 1 AMA PRA Category Credit™