Hospitals face a unique challenge adapting to the uncertainties of today’s evolving healthcare environment. In this report, readers will gain the insight to better anticipate the impact of four key issues on their organization. Including:
Hospitals have benefited from a financial windfall as a result of the more than 13 million new patients to receive Medicaid coverage under ACA expansions. However, Medicaid expansion has, for the most part, come to a halt. This has left hospitals responsible for a sizeable Medicaid population that on average has higher acuity levels that contribute to margin pressure.
Of the numerous changes taking place in the healthcare industry, none are more significant to a healthcare organization’s bottom line than those affecting reimbursements. These changes are creating radical transformations in how hospitals conduct business. Hospitals slow to adapt risk losing significant revenue.
In today’s healthcare environment, 85 percent of healthcare activities are conducted and managed by individual patients outside the formal health delivery system. Recent shifts in financial responsibility, pricing transparency and patient satisfaction are creating a consumer-driven market in which patients are influencing business trends and threatening hospitals’ ability to remain competitive.