About 30% of the $3.4 trillion spent on healthcare services each year is thought to be unnecessary or wasteful. Health systems, supported by the transition to value-based payment, are changing how they practice to try to tackle the problem.
The hospital systems buying physician practices say vertical integration will facilitate care coordination and lower costs. Where's the evidence?
Federal lawmakers soon may have financial justification for funding cost-sharing reduction payments for insurers as well as reinsurance, when a new government report shows CSRs will save the government $32 billion if they're funded for the next three years.
Following a financial turnaround in its operations in 2017, Chicago-based Health Care Service Corp. is anxious to promote fresh ideas in containing patient-care costs. It will budget $1.5 billion over the next three years on affordability initatives.
It's too early to say the era of cost control, which stretched roughly from 2010 to 2016, is over. But as the latest CMS cost projections suggest, the U.S. appears headed into another period when healthcare spending routinely exceeds the economy's overall rate of growth.
There's no one-size-fits-all solution to lower healthcare spending, according to a new report that found costs varied across five states due to variation in how services are used, the price of services and other factors.
Cost-conscious providers will shift more distribution models to e-commerce platforms.
More than 622,000 Washington state residents received a low-value service from July 2015 to June 2016, according to a new study. Experts say physicians needs to rethink how they talk about treatment options with patients.
Cancer is the better comparison for the healthcare system's unsustainable costs. The system is growing too quickly, like a tumor. To restore health, you have to eliminate the cancer, not the vital organ on which the tumor grows.
Community hospital CEOs are most worried about their organization's finances, particularly uncertainties surrounding Medicaid reimbursement and rising costs, a new survey from the American College of Healthcare Executives found.
Higher prices—not the use of more healthcare services—drove increased healthcare spending in 2016 among patients covered by employer-sponsored plans.
Kaufman Hall is a management consultant and performance management software provider to the healthcare industry. PaulCrnkovich leads the firm's Consumer Strategy Practice which advises hospitals and health systems on consumer-centric