Transforming Healthcare From Medical Fitness to Value-Based Care
10/02/2024
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Ready to revolutionize your approach to healthcare? Join us on the Wellness Paradox Podcast as we sit down with Joel Hungate, the Executive Director of Wellbeing and Employer Services at Hancock Health. Joel’s journey from biomedical engineering to spearheading integrated well-being services is nothing short of inspiring. He shares invaluable insights into medical fitness and discusses how data-driven strategies and a strong ROI perspective can bridge the gap between fitness professionals and the medical community, offering lessons that could reshape your understanding of health promotion.
Our conversation with Joel takes a critical look at the economic challenges of the current healthcare system. Discover how Hancock Health is pioneering the transition from a volume-based fee-for-service model to a value-based care approach. Learn about their strategic investments in analytics and patient data, resulting in over $50 million in downstream revenue, and how these innovative approaches are setting a new standard for financial sustainability in healthcare.
Finally, we explore the transformative power of wellness centers in community health. Learn how these centers, once seen as loss leaders, are now recognized as standalone services that contribute significantly to economic and community health. From the importance of dynamic movement and resistance training to the broader economic impact of integrated well-being models, we delve into the future of healthcare engagement. Join us in envisioning a future where living in Hancock County means choosing a healthier life, and discover how this model could inspire similar initiatives nationwide.
Our Guest: Joel Hungate
Joel is an engineer, mountaineer, healthcare executive, and innovator who has spent his entire career reimagining possibilities in health and well-being, from working in large, international orthopedic companies, to being a principal and investor in health tech startups, to creating a venture group focused on helping start and scale innovative human performance, healthcare, and defense technologies.
As Executive Director of Well-Being and Employer Strategy with Hancock Health, Joel is creating the “infrastructure of well-being” to evolve the delivery of healthcare in his community by aligning the immense resources of three industry-leading, comprehensive, well-being integrated campuses to deliver an innovative, consumer-driven approach to wellness and medical care that is local, focused, innovative, and kind — ultimately removing barriers to accessing care, improving health and well-being in his community, and reducing the total cost of care in a model that can be replicated the world-over.
Joel holds an Executive MBA, received his B.S. in Biomedical Engineering from Purdue University, is an expeditionary mountaineer and survivalist with a world-first ascent in Western Mongolia, is honored as a Randall Tobias Leadership Fellow and Advisory Board Member for the fellowship, is a passionate contributor to thought leadership in mental health advocacy and healthcare policy, and is an alpha adventurer who starred in the first season of the international hit Netflix adventure competition series "Outlast".
Links from this Episode
https://hancockwellbeingatwork.org/