NCCI AIS 2024 – Day One Afternoon Sessions – Top 10 Concepts Learned + Great Keynote
For the NCCI AIS 2024 afternoon session, I switched to a summary form with my comments included in the numbers. My comments are italicized.
Medical Cost Trends—What’s in the Mix?
25% of all hospitals have closed in the last 20 years – a sobering number
Raji H. Chadarevian and Jon Sinclair – NCCI Presenters
- The utilization for hospital inpatient stays reduced by 22% since 2012 – an amazing number
- Outpatient surgeries fueled the drop in utilization
- Inpatient prices have spiked 50% during the same time period.
- Pharmaceutical costs have decreased 24% since 2012 – another amazing number
- The pharmacy drop was due to the opioid reduction by the industry and a shift to generics.
- Workers Compensation carrier settlements also played a key role
The Future of Workplace Safety Technology
Moderated by: Damian D. England, ARM – NCCI
Panelists:
Haytham Elhawary, PhD – Kinetic
Aidan Madigan-Curtis, MBA- Voxel
- Wearable tech has become popular in the last 10 years. Safety tech became a “thing” over the last decade.
- The small wearable pack that was attached to a belt vibrates when someone is not using proper lifting techniques or body mechanics – a possible game changer by Kinetic
- The Voxel simulation video showed that AI cameras can monitor every worker’s movement on a factory floor. The number of measurements was incredible.
- Wearable tech should reduce accidents sharply and will not cause anyone to lose their job if framed as part of training not a source of disciplinary actions.
NCCI AIS 2024 Keynote Speaker – The Science of Happiness and How You Can Use It
Arthur C. Brooks | Harvard Professor and Best-Selling Author
Professor Brooks presented one of the best keynotes that I have seen in recent memory. The audience engagement was noticed from the first minutes of his presentation. I recommend following the link to his background. He has published 13 books. The most recent one was coauthored with Oprah Winfrey.
Happiness is a direction, not a destination. Through qualitative and quantitative research, Arthur identifies science-based evidence on how to transform relationships, increase productivity, and ultimately drive toward happiness.
Striver’s Curse- At age 66 if very successful earlier in life, then you will likely be unhappy. If a person is less successful earlier in life, then after age 66, you will be happier.
Raymond Kattel – Fluid intelligence peaks at age 39.
Crystallized intelligence increases with age – wisdom, judgment, and teaching ability.
Happiness is properly switching from fluid intelligence to crystallized intelligence- first curve to second curve
Satisfaction =Haves / Wants
Offer up a Reverse Bucket List
Early On build your career, then later in life subtract things away
Don’t go it alone – your true self is not the sum of your achievements. It is the sum of the love for the people in your life.
The curse of “specialness”, being special does not mean being happy.
Day Two Presentations can be found here.
