The difference between average people and achieving people is their perception of and response to failure.  “Failing Forward” was a concept defined by John C. Maxwell several years ago, and that axiomatic truth could not be more readily apparent than in value-based care.  Transforming healthcare to lower costs and improve patient outcomes is tough work. PERIOD.  It requires many years of experimentation and “trial and error” innovation. The suffering index in the value movement can be immense, but the returns – in both financial success and personal/professional fulfillment – make it a purposeful endeavor.

Dr. Jesse James, the Chief Medical Officer for CHESS Health Solutions, is a leader in the value movement who believes in Failing Forward as a key to success in value-based care.  In his role, he oversees quality and clinical services for a population health management company that supports more than 3,000 providers and 150,000 patients. Dr. James joins us this week to show us that as leaders in value, “We must be willing to fail forward. “It’s our scar tissue that makes us stronger.”  Tune in this week to learn from one of the best!  In this episode, Dr. James provides leadership and business insights that are profoundly helpful for physicians, executives, and entrepreneurs looking to win this Race to Value.

Episode Bookmarks:

04:20 Dr. James’ “defining moment” when he found his calling to practice medicine

06:00 The decision to begin a medical career at the bedside and then working at the system-level to transform healthcare

07:30 Dr. James’ early work in clinical quality and the influence and mentorship of Dr. Cary Sennett (“The Godfather of Quality Measurement”)

08:45 The permission to fail bestowed by a mentor has been a constant reminder to “Be Humble” in the practice of medical leadership

11:00 The legendary basketball coach John Wooden on how "Failure is not fatal, but failure to change might be."

12:25 “As a leader, you have be willing to fail forward. It’s our scar tissue that makes us stronger.”

12:45 The story of how CHESS was borne out of an innovative medical practice that embraced value before the payment environment would support it

14:30 Lessons learned from hardships in the Value Journey (transitioning from FFS to P4P to Gainshare to Full Downside Risk)

15:30 “You have to remove the stigma around failure. These are opportunities to learn and grow.”

15:40 The story of Sir William Osler and how the ideal physician should be equally to call out failures as much as successes

16:50 The influence of the Institute of Medicine report “To Err is Human” on the culture of safety in the practice of medicine

17:00 The need for a new culture change in medicine to learn from mistakes and failed experiments to advance population health and VBC

19:00 Medicare payment model innovation and how CHESS isgetting as close to premium dollar as possible by taking downside risk with MA and commercial insurers

20:00 CMS experimentation with global capitation and why providers should be thinking about the Direct Contracting model

23:30 The use of “innovation cells” to effectively disseminate learnings within partner organizations

25:00 Addressing transportation as a social determinant of health in rural areas

26:00 Partnering with Wake Forest Baptist Health to deploy a “hospital at home” model

27:15 Creating wrap-around services in the technology and clinical domains to meet with needs of clients with varying degrees of maturity

29:30 Dr. James describes the value-based care landscape in North Carolina and the impact of the Atrium Health--Wake Forest Baptist Health merger