Mark Rich, Former President and current Board Member of Steward Health Care System LLC

Mark Rich, a healthcare executive with 40 years of experience, discusses challenges in balancing affordability and quality in healthcare. He emphasizes the importance of value-based care and ACOs (Accountable Care Organizations) as solutions, highlighting the need for clear definitions of affordability and quality, robust IT infrastructure, data management, and sufficient financial resources. Rich also stresses the significance of actionable data, collaborative efforts between payers and providers, and the potential for commercial insurers to play a larger role in transforming healthcare delivery through strategic investments and adjustments to risk-based capital models. He concludes by advocating for increased collaboration between payers and providers as crucial for bending the cost curve and improving patient outcomes.