OpenConnect’s Edward M.L. Peters Discusses The Paid-for Option on Federal News Radio’s “Blueprint for Wealth”
Dallas, TX March 15, 2010 - Edward M.L. Peters, CEO, OpenConnect, was a featured speaker on “Blueprint for Wealth” on Saturday, March 6 speaking about The Paid-for Option. “Blueprint for Wealth” is a fast-paced half-hour show featuring special guests and invaluable information that is designed to educate and enlighten listeners about issues that can affect their financial futures. “Blueprint for Wealth” is hosted by Wayne Zell, President and founder of Zell Law.
In the segment, Peters talks about The Paid-for Option, his forthcoming book, which describes how to use actionable intelligence to stop guessing and start knowing about the true cost of inefficient (and ineffective) business processes, and the lessons the government can learn, especially in the healthcare arena. In the segment Peters explains how reducing costs by 4.3% per year for ten years, across the yearly estimated $2.2 Trillion spent on healthcare every year in the U.S, could generate enough savings to pay for the entire $950 Billion proposal currently before Congress.
“If anything has been true about American society it is that our biggest strength lies in our ability to harness the power of innovation to solve almost any problem that we have ever encountered whether political, social, or technological,” said Edward ML Peters, CEO of OpenConnect in Dallas, TX. “Our work in the healthcare sector, in both the administrative and clinical areas, has shown that using business process discovery and analytics to automatically discover and eliminate costly process variations has generated millions of dollars in savings through cost improvement. There is enough waste in the current system that, if recovered, could fund the entire program. This type of effort would be much more fruitful way to accomplish our goals than by raising taxes or canceling peoples benefit programs”
Blueprint for Wealth airs every Saturday morning on Federal News Radio in Washington, D.C., a 50,000 watt ‘clear channel’ station, and worldwide through WTOP.com.
Peters has recently written The Paid-for Option, which is being published in June. The Paid-for Option will be available through bookstores everywhere as well as from Amazon.com and other online retailers.
OpenConnect business process discovery and analytics solutions deliver event-driven intelligence to automatically discover workforce, process and customer variations that hinder operational efficiency. Armed with this information, executives can make the quick and incremental improvements that will increase process efficiency, improve employee productivity, reduce cost, and raise profitability. With a rich history of developing innovative technology, OpenConnect's products are distributed in more than 60 countries and used by more than 60 percent of Fortune 100 companies. For more information on OpenConnect, visit www.oc.com.