Representatives from the nation's hospitals this morning officially committed to save $155 billion over the next decade in an effort to help transform the U.S. healthcare system.
In a White House ceremony that included Vice President Joseph Biden and HHS Secretary Kathleen Sebelius, leading officials from the American Hospital Association, Federation of American Hospitals and Catholic Health Association pledged to do their share in an effort to reform how care is delivered and paid for across the country.
“This is a great day for all Americans as we take a critical step closer to a healthcare system that efficiently delivers quality care to everyone,” said Sister Carol Keehan, president and CEO of the Catholic Health Association.
Biden lauded the commitment by the hospital sector, which plans to parlay delivery system reforms and more streamlined, quality care into savings from Medicare and Medicaid. In turn, those savings will be used to help finance the overall cost of healthcare reform. “Today’s announcement, I believe, represents the essential role hospitals play in making reform a reality,” Biden said.
Richard Umbdenstock, president and CEO of the American Hospital Association, Richard Bracken, president and CEO of HCA, Nashville, and Wayne Smith, president and CEO of Community Health Systems, Franklin, Tenn., attended the announcement. Bracken was there on behalf of FAH. -- by Matthew DoBiasSee comments on the savings plan in the Daily Dialogue below.