--- title: "Meaning & Key Takeaway of: We're a high-volume, low-margin business…" description: "\"We're a high-volume, low-margin business, so we decided to reinvent our own approach to health care.\" — Steven Burd" image: "https://sms4smile.com/quotes/i/63d/steven-burd-36348_approach_we-re-a-high-volume-low-margin-business_2554350.jpg" --- # We're a high-volume, low-margin business, so we decided to… ![“We're a high-volume, low-margin business, so we decided to reinvent our own approach to health care.” quote by Steven Burd](https://sms4smile.com/quotes/i/63d/steven-burd-36348_approach_we-re-a-high-volume-low-margin-business_2554350.jpg) [Download](https://sms4smile.com/quotes/i/63d/steven-burd-36348_approach_we-re-a-high-volume-low-margin-business_2554350.jpg) [Open image](https://sms4smile.com/quotes/i/63d/steven-burd-36348_approach_we-re-a-high-volume-low-margin-business_2554350.jpg) > “We're a high-volume, low-margin business, so we decided to reinvent our own approach to health care.” [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. A high-volume, low-margin firm reimagines its health care strategy to improve employee wellbeing and cost efficiency. **In simple terms:** The business changes health care approach for better outcomes. Key Takeaway Prioritize innovative health solutions for staff. Themes business strategy health care innovation Mood pragmatic optimistic Type strategic informative When to use this quote - corporate wellness programs - insurance negotiations - telemedicine adoption Key Concepts cost management employee wellness scalable models Questions to Reflect On - What health benefits matter most to employees? - How can low margins sustain health investments? A Different Perspective Implementation can be costly and complex. ★ ★ ★ ★ ★ No ratings yet [Approach](https://sms4smile.com/quotes/about/approach/) [Approach Health](https://sms4smile.com/quotes/about/approach-health-1549021/) [Business](https://sms4smile.com/quotes/about/business/) [Care](https://sms4smile.com/quotes/about/care/) [Decided](https://sms4smile.com/quotes/about/decided/) [Decided Reinvent](https://sms4smile.com/quotes/about/decided-reinvent-1549022/) [Health](https://sms4smile.com/quotes/about/health/) [Health care](https://sms4smile.com/quotes/about/health-care/) [Our](https://sms4smile.com/quotes/about/our/) [Own](https://sms4smile.com/quotes/about/own/) [Reinvent](https://sms4smile.com/quotes/about/reinvent/) [Reinvent Approach](https://sms4smile.com/quotes/about/reinvent-approach-1549020/) ## Related quotes > [A handful of people who probably never even ran a small business actually think they can reinvent the health care system.](https://sms4smile.com/quotes/john-stossel/a-handful-of-people-who-probably-never-even-ran-a-small-business/) [John Stossel](https://sms4smile.com/quotes/author/john-stossel/) > [I need more personal time and, given my extensive work in health care, I want to pursue that interest further.](https://sms4smile.com/quotes/steven-burd/i-need-more-personal-time-and-given-my-extensive-work-in-health-care/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [In our experience at Safeway, we're confident that we can actually improve the quality of health care while taking costs down and using the…](https://sms4smile.com/quotes/steven-burd/in-our-experience-at-safeway-we-re-confident-that-we-can-actually/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [I've never been into what am I going to do next, trying to reinvent myself.](https://sms4smile.com/quotes/janet-jackson/i-ve-never-been-into-what-am-i-going-to-do-next-trying-to-reinvent/) [Janet Jackson](https://sms4smile.com/quotes/author/janet-jackson/) > [To have longevity in this business, you have to reinvent yourself. You can't keep doing the same stuff. Sometimes I've turned down stuff and…](https://sms4smile.com/quotes/mike-epps/to-have-longevity-in-this-business-you-have-to-reinvent-yourself-you/) [Mike Epps](https://sms4smile.com/quotes/author/mike-epps/) > [Don't reinvent the wheel, just realign it.](https://sms4smile.com/quotes/anthony-j-d-angelo/don-t-reinvent-the-wheel-just-realign-it/) [Anthony J. D'Angelo](https://sms4smile.com/quotes/author/anthony-j-d-angelo/) > [It's very, very difficult to reinvent yourself when you're 40 or 50, whether you are a taxi driver who now needs to become a…](https://sms4smile.com/quotes/yuval-noah-harari/it-s-very-very-difficult-to-reinvent-yourself-when-you-re-40-or-50/) [Yuval Noah Harari](https://sms4smile.com/quotes/author/yuval-noah-harari/) > [Any actor worth his salt has a responsibility to reinvent himself from part to part.](https://sms4smile.com/quotes/matt-smith/any-actor-worth-his-salt-has-a-responsibility-to-reinvent-himself/) [Matt Smith](https://sms4smile.com/quotes/author/matt-smith/) > [We need to reinvent ourselves.](https://sms4smile.com/quotes/vitor-belfort/we-need-to-reinvent-ourselves/) [Vitor Belfort](https://sms4smile.com/quotes/author/vitor-belfort/) > [And as I reinvent myself and I'm constantly curious about everything, I can't wait to see what's around the corner in newfound art and…](https://sms4smile.com/quotes/pam-grier/and-as-i-reinvent-myself-and-i-m-constantly-curious-about-everything/) [Pam Grier](https://sms4smile.com/quotes/author/pam-grier/) > [If you want to evolve and reinvent yourself, you will need to observe people and explore a lot.](https://sms4smile.com/quotes/rithvik-dhanjani/if-you-want-to-evolve-and-reinvent-yourself-you-will-need-to-observe/) [Rithvik Dhanjani](https://sms4smile.com/quotes/author/rithvik-dhanjani/) > [The important thing is that when you get into some stretches of inconsistency that we don't overreact on the one hand and try to…](https://sms4smile.com/quotes/rick-carlisle/the-important-thing-is-that-when-you-get-into-some-stretches-of/) [Rick Carlisle](https://sms4smile.com/quotes/author/rick-carlisle/) > [To reinvent your own country you need a great audacity of hope.](https://sms4smile.com/quotes/j-rgen-moltmann/to-reinvent-your-own-country-you-need-a-great-audacity-of-hope/) [Jürgen Moltmann](https://sms4smile.com/quotes/author/j-rgen-moltmann/) > [“To reinvent anomalous figments.”](https://sms4smile.com/quotes/rae-armantrout/to-reinvent-anomalous-figments/) [Rae Armantrout](https://sms4smile.com/quotes/author/rae-armantrout/) > [I'm a guy who just loves to reinvent myself.](https://sms4smile.com/quotes/flo-rida/i-m-a-guy-who-just-loves-to-reinvent-myself/) [Flo Rida](https://sms4smile.com/quotes/author/flo-rida/) ## More by Steven Burd > [We've been paying for 100 percent of preventive care. But if you're not getting annual physicals, then you're not going to gain a financial…](https://sms4smile.com/quotes/steven-burd/we-ve-been-paying-for-100-percent-of-preventive-care-but-if-you-re/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [If the store were your own business, you'd escort the customer to a product's location in the store and refer to the customer by…](https://sms4smile.com/quotes/steven-burd/if-the-store-were-your-own-business-you-d-escort-the-customer-to-a/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [In our experience at Safeway, we're confident that we can actually improve the quality of health care while taking costs down and using the…](https://sms4smile.com/quotes/steven-burd/in-our-experience-at-safeway-we-re-confident-that-we-can-actually/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [I need more personal time and, given my extensive work in health care, I want to pursue that interest further.](https://sms4smile.com/quotes/steven-burd/i-need-more-personal-time-and-given-my-extensive-work-in-health-care/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [I'm no health care expert, but you've got technology that constantly advances the ability to extend life and maybe improve lifestyle. That puts constant…](https://sms4smile.com/quotes/steven-burd/i-m-no-health-care-expert-but-you-ve-got-technology-that-constantly/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [The first person a customer speaks with has the greatest impact on that customer's impression of Safeway.](https://sms4smile.com/quotes/steven-burd/the-first-person-a-customer-speaks-with-has-the-greatest-impact-on/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [We're trying to take a leadership role in solving the nation's health-care crisis. We want everybody in this country to have health insurance.](https://sms4smile.com/quotes/steven-burd/we-re-trying-to-take-a-leadership-role-in-solving-the-nation-s-health/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [The first job I ever had was right here in San Francisco with Southern Pacific.](https://sms4smile.com/quotes/steven-burd/the-first-job-i-ever-had-was-right-here-in-san-francisco-with/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [People like to work for a winner.](https://sms4smile.com/quotes/steven-burd/people-like-to-work-for-a-winner/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [What we have is a pay structure that, on basic wages, is higher than market rate, as a general statement. When you look at…](https://sms4smile.com/quotes/steven-burd/what-we-have-is-a-pay-structure-that-on-basic-wages-is-higher-than/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [The most challenging part of being CEO is communicating to 200,000 people what you want done.](https://sms4smile.com/quotes/steven-burd/the-most-challenging-part-of-being-ceo-is-communicating-to-200-000/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) > [You know that a lot of people go to emergency rooms when they don't really need to.](https://sms4smile.com/quotes/steven-burd/you-know-that-a-lot-of-people-go-to-emergency-rooms-when-they-don-t/) [Steven Burd](https://sms4smile.com/quotes/author/steven-burd/) [Explore all 13 Steven Burd quotes ](https://sms4smile.com/quotes/author/steven-burd/) ## More Approach quotes > [I think a new world will arise out of the religious mists when we approach our Bible with the idea that it is not…](https://sms4smile.com/quotes/aiden-wilson-tozer/i-think-a-new-world-will-arise-out-of-the-religious-mists-when-we/) [Aiden Wilson Tozer](https://sms4smile.com/quotes/author/aiden-wilson-tozer/) > [I'm in a business where there's complete anarchy. You can't control it - you can only react to it. The control that people traditionally…](https://sms4smile.com/quotes/martin-sorrell/i-m-in-a-business-where-there-s-complete-anarchy-you-can-t-control-it/) [Martin Sorrell](https://sms4smile.com/quotes/author/martin-sorrell/) > [When you approach something to photograph it, first be still with yourself until the object of your attention affirms your presence. Then don't leave…](https://sms4smile.com/quotes/minor-white/when-you-approach-something-to-photograph-it-first-be-still-with/) [Minor White](https://sms4smile.com/quotes/author/minor-white/) > [We do not want to be reminded that it is we, the indigenous people, who are poor and exploited in the land of our…](https://sms4smile.com/quotes/steven-biko/we-do-not-want-to-be-reminded-that-it-is-we-the-indigenous-people-who/) [Steven Biko](https://sms4smile.com/quotes/author/steven-biko/) > [One of the things I regret about not putting in that book or I think it's there but I didn't really elaborate on it,…](https://sms4smile.com/quotes/brad-warner/one-of-the-things-i-regret-about-not-putting-in-that-book-or-i-think/) [Brad Warner](https://sms4smile.com/quotes/author/brad-warner/) > [Ideal for the child and society in the best of times, Rudolf Steiner's brilliant process of education is critically needed and profoundly relevant now…](https://sms4smile.com/quotes/joseph-chilton-pearce/ideal-for-the-child-and-society-in-the-best-of-times-rudolf-steiner-s/) [Joseph Chilton Pearce](https://sms4smile.com/quotes/author/joseph-chilton-pearce/) > [I don't have any particular method, my approach is very simple. I try to understand the emotional graph of the character.](https://sms4smile.com/quotes/pratik-gandhi/i-don-t-have-any-particular-method-my-approach-is-very-simple-i-try/) [Pratik Gandhi](https://sms4smile.com/quotes/author/pratik-gandhi/) > [“But young men have not only this frivolous ambition of being thought masters of execution, inciting them on the one hand, but also their…](https://sms4smile.com/quotes/anonymous/but-young-men-have-not-only-this-frivolous-ambition-of-being-thought/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [Everything, every part that you approach has to be somehow rooted in yourself. You have to somehow root everything so that it's not just…](https://sms4smile.com/quotes/judi-dench/everything-every-part-that-you-approach-has-to-be-somehow-rooted-in/) [Judi Dench](https://sms4smile.com/quotes/author/judi-dench/) > [Literature transforms and intensifies ordinary language, deviates systematically from everyday speech. If you approach me at a bus stop and murmur Thou still unravished…](https://sms4smile.com/quotes/terry-eagleton/literature-transforms-and-intensifies-ordinary-language-deviates/) [Terry Eagleton](https://sms4smile.com/quotes/author/terry-eagleton/) > [The whole secret to mastering the game of golf - and this applies to the beginner as well as the pro - is to…](https://sms4smile.com/quotes/arnold-palmer/the-whole-secret-to-mastering-the-game-of-golf-and-this-applies-to/) [Arnold Palmer](https://sms4smile.com/quotes/author/arnold-palmer/) > [The essence of Christianity...is an ever-new encounter with... the God who speaks to us, who approaches us and who befriends us!](https://sms4smile.com/quotes/pope-benedict-xvi/the-essence-of-christianity-is-an-ever-new-encounter-with-the-god-who/) [Pope Benedict XVI](https://sms4smile.com/quotes/author/pope-benedict-xvi/) > [Like a morning dream, life becomes more and more bright the longer we live, and the reason of everything appears more clear. What has…](https://sms4smile.com/quotes/jean-paul/like-a-morning-dream-life-becomes-more-and-more-bright-the-longer-we/) [Jean Paul](https://sms4smile.com/quotes/author/jean-paul/) > [What begins as a Utopian vision, always - always - ends in bloodshed. 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