One hundred years ago, when Abigail Geisinger, the widow of an iron mining magnate, founded the 63-bed George F. Geisinger Memorial Hospital in Danville, Pa., she told the chief surgeon: “Make my hospital right; make it the best.”
David Cade, a former top attorney at HHS, has been appointed CEO of the American Health Lawyers Association.
Hospitals with lower credit ratings are finding they can borrow at rates once reserved only for higher rated hospitals thanks to a confluence of factors in the municipal bond market.
Even as value-based contracting proliferates, the financial incentives for hospitals and medical groups to eliminate waste and improve care have barely changed.
The dictionary defines vaporware as a product that has been widely advertised but has not and may never become available. Last week's twin announcements on the imminent move to widespread value-based reimbursement in healthcare bring the concept to mind.
U.S. healthcare providers and insurers start from widely divergent places as some of the largest move to put most of their business into payment models that reward lower cost and higher quality care.
Several of the nation's largest health systems and insurers are joining together in a new task force with the goal of shifting 75% of their business to contracts with incentives for quality and lower-cost healthcare.
Trinity Health, an 86-hospital Catholic system based in Livonia, Mich., has signed a definitive joint venture agreement with Heritage Provider Network to advance its strategy of coordinating care for specific groups of patient
Insurers were bullish on their prospects and circumspect on an expected rash of M&A. Aetna CEO Mark Bertolini said it will “take one big transaction to tip the whole thing off.”
The Cleveland Clinic and five other Ohio health systems announced they will explore creating a statewide network under a newly formed company. They'll also work together to reduce operating expenses and identify effective practices they can share.
A joint venture with the large, California-based independent practice association is aimed at advancing Trinity's efforts to coordinate care for specific groups of patients.
Healthcare providers and insurers were busy implementing healthcare reform in 2014, millions of uninsured Americans gained coverage, and healthcare spending growth remained modest even as partisan warfare over the Patient Protection and Affordable Care Act continued in full force.