According to a recent report from the American Hospital Association (AHA), the healthcare industry spends roughly $39 billion annually on regulatory compliance efforts. Interestingly, while perhaps not unexpectedly, this burden becomes seven times greater when post-acute is added to the mix. The study found that average-sized hospitals spend nearly $7.6 million each year on administrative […]Read More
10,000 Baby Boomers Reach Retirement Every Day, Is the Healthcare Industry Ready?
According to Pew Research and the Social Security Administration, 10,000 men and women reach retirement age each day. If that number seems big – it is. The impact to society will be huge, especially to healthcare. The vast amount of Americans hitting age 65 over the next few years means the number of people eligible […]Read More
Post-Acute Providers Need to Act Now to Offset Potential Medicaid Cuts
Many healthcare professionals – especially those connected to skilled nursing facilities (SNF) – are extremely worried about the proposed tax plan coming out of the House of Representatives. The House recently passed a $4.1 trillion budget plan that promises deep cuts to social programs, including removing nearly $1 trillion from Medicaid’s budget over the next […]Read More
How Data Can Help Healthcare Organizations Grow Their Preferred Provider Network
Hospitals that use a preferred network of post-acute care facilities reduce their readmission rates four times faster than hospitals that don’t. A recent study has found that these providers were able to cut readmission rates from nursing homes by 6.1 percent between 2009 and 2013. Hospitals that did not have a network saw only a […]Read More
CMS’s Proposed New Direction is a Great Opportunity for Healthcare Providers
Voluntary Bundles Are Going to Be One Of Many Valuable Tools With all the rhetoric in Congress about repealing and replacing The Affordable Care Act, it can often get lost in the shuffle that leadership remains committed to value-based care. For example, while mandatory healthcare bundles seem to be dead – healthcare professionals are actively […]Read More
MACRA’s Goal is to Make Lives Better, So Why are Physicians so Worried?
MACRA is coming. The Medicare Access and CHIP Reauthorization Act (MACRA) was signed into law on April 16, 2015. It’s a pay-for-performance program that focuses on quality, value, and accountability by rewarding healthcare providers for improving their patient’s overall health. Health and Human Services has stated that its goal is to tie 90 percent of […]Read More