Titans of Nashville’s health care industry spoke Tuesday night at an invitation-only event at the Country Music Hall of Fame celebrating Nashville Health Care Council’s 15th anniversary. Here are some of the lessons they shared.
It was 1968. Medicare had been created three years earlier, putting pressure on an already stressed U.S. health care system — especially in the Southeast, which was experiencing a population boom thanks in large part to the advent of air conditioning.
Enter Hospital Corporation of America, the Nashville hospital company better known today as HCA Inc. It was among the nation’s first for-profit hospital companies, setting out to prove that health care could be both effective and efficient.
I think Dr. Frist is correct and I see and hear of new ventures almost every week both here in the Nashville area and in other parts of the country.
The time has never been better for entrepreneurs in many fields and the biggest obstacle to new firms is fear of failure on the part of the entrepreneur, lack of available capital to fund the venture, and a shortage of talent to help grow and run the enterprise.