S1 E9: The Beat: Blackstone’s Big Impact on Cost and Quality
Healthcare is notably unhealthy in the US.
In this episode, Andreas Mang, Blackstone Senior Managing Director, delves into Blackstone's unique approach to managing healthcare across its vast portfolio of companies. Andreas touches upon the challenges of the U.S. healthcare system and the innovative strategies his team is employing to control costs. He elaborates on the four key areas of focus: community, cost control, concierge service, and equity. Andreas also emphasizes the importance of a tailored care management approach, sharing real-life examples of improved health outcomes and reduced costs. Finally, he concludes with insights into the value-based care landscape, highlighting that it will take a considerable amount of time for value-based care to be distributed at scale.
Tune in and learn how Blackstone’s innovative solutions are reshaping the healthcare landscape!
About Andreas Mang:
Andreas Mang serves as the CEO of Equity Healthcare, where he oversees the management of medical benefits spending across Blackstone's portfolio. With two decades of experience in healthcare, Mr. Mang has worked in various capacities in healthcare finance, operations, and strategy.
Before joining Blackstone, he was the Vice-President responsible for national provider network operations at CareCentrix, a prominent home health benefit-management company backed by private equity. Earlier, at Blue Cross Blue Shield of Massachusetts, he played a leadership role in identifying and implementing cost-saving measures across the organization and played a key role in designing a new corporate business model. Mr. Mang also worked at Harvard Pilgrim Health Care as the Manager of Strategic Financial Planning and served as a Senior Consultant with Deloitte Consulting’s Strategy and Operations group in Boston.
Mr. Mang holds a BS in Healthcare Management and Policy from the University of New Hampshire and earned an MBA from the University of Rochester’s Simon School of Business Administration. Currently, he serves on the board of DECA Dental.
Things You’ll Learn:
- Healthcare is notably unhealthy in the US.
- It will take a considerable amount of time for value-based care to be distributed at scale.
- No problem is too big to solve.
- Tangible outcomes include lower readmission rates and improved care management for employees going through treatments like chemotherapy.
- The ease of getting carrier partners on board is attributed to Blackstone's size, scale, and growth trajectory, creating a win-win situation.
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