Increasing cost transparency coupled with new value-based incentives to better coordinate care will pressure merger partners to return some of the benefits from economies of scale and shared purchasing to patients, said a new report by the Healthcare Financial Management Association.
Doctor consolidation could become another consequence of physician and clinician reimbursement changes portended by the Medicare Access and CHIP Reauthorization Act of 2015, a reimbursement expert told a healthcare finance conference this week.
The relationship between physicians and healthcare administrators “has never been more broken than it is today," CareMore Health System CEO Dr. Sachin Jain told healthcare administrators Tuesday at the Healthcare Financial Management Association's annual conference.
Smartphones, with their compact computing power, are allowing more and more patients to get care and diagnostics outside of healthcare settings—a trend that hospitals and clinicians need to embrace, Dr. Eric Topol said Monday.
As MACRA moves forward—it may bring a more profound, if slower, set of changes than the ACA did, says Joseph Fifer, president and CEO of the Healthcare Financial Management Association.
Healthcare Financial Management Association CEO Joseph Fifer discusses changing payment models and the rise of consumerism in an interview with Modern Healthcare Editor Merrill Goozner.
Hospitals and physician groups are consolidating, too, but most of the leaders on Modern Healthcare's Power Panel are more concerned about the financial impact of the pending health insurance megamergers.
Ready or not, the U.S. healthcare industry is poised to flip the switch from the ICD-9 to the ICD-10 diagnostic and procedural coding system on Oct. 1, significantly changing how billions of dollars in medical claims are calculated and billed every day.
Increased collaboration between providers and payers is inevitable, but that doesn't mean the future financial interests of these oft-warring parties will align, say healthcare leaders surveyed in Modern Healthcare's third-quarter CEO Power Panel poll.
The complicated financial restructurings that follow not-for-profit hospital consolidations are requiring more advanced skill sets among chief financial officers and are leading to sharply higher pay for them, experts say.
Even though hospitals are getting some balance-sheet relief from an improving economy and insurance coverage expansion, they're struggling to adapt to high-deductible health plans, capitated contracts and value-based payment models.
High-deductible plans are changing everything from where patients get care to how healthcare providers present them with bills. But the dynamic varies depending on the circumstances of the patient and the details of the plan.