The prospect of health reform once loomed like storm clouds on the horizon – dark, mammoth, and all but inevitable. Regardless, industry leaders uncertain about the scale of the impact sensed the changing climate and began preparing. As a result, between 2009 and 2012, mergers and acquisitions doubled1 as hospital and health system leaders sought to offset challenges such as access to capital, low margins, and increased competition. It’s a trend that’s expected to continue as the ACA nears full implementation and reform mandates take hold, pushing the industry toward an environment based on population health management (PHM). Just this week, the U.S. Department of Health & Human Services announced plans to tie 30% of fee-for-service Medicare payments to care quality, through models such as accountable care organizations or bundled payment programs, by the end of 2016. Continue reading
Healthcare reform has triggered waves of change across the U.S. healthcare market, forcing systems and providers to reevaluate how, when, where, and whom they partner with to deliver care. Responding to these changes is particularly challenging for children’s hospitals and pediatric physicians.
Given their unique position in the healthcare system and lingering uncertainties about the impact of healthcare reform, successful pediatric organizations are taking steps to align with strategic partners to ensure that their mission of serving the nation’s child and adolescent population is sustained.
This post is the first in a four-part series that explores ways in which children’s hospitals are forming collaborative partnerships with physicians, health systems, academic affiliates, and research partners to thrive in a value-based healthcare environment. We begin by looking at strategic alignment between children’s hospitals and physicians. Continue reading
This past year was one of “getting down to business” in the healthcare industry. Having shrugged off legal challenges, a government shutdown, and highly publicized technical glitches, the Affordable Care Act went into effect in 2014, moving the healthcare sector toward a value-centric system.
ECG worked with providers across the country to traverse and keep pace with these transformational changes. In 2015, we’ll continue to lead healthcare forward, helping our clients develop key competencies and implement strategies to become thriving value-based enterprises.
As we close the book on 2014, let’s look back at a few of the key themes that appeared in this space during the past year and take a peek at the issues our clients will encounter in the coming year. Continue reading
Healthcare organizations making a capital investment in their physical space have the right idea: good design matters. A growing body of research suggests that the physical environment plays a critical role in driving patient and provider satisfaction, improving care quality, enhancing work flows and patient throughput, and increasing overall productivity. However, good design does not, on its own, ensure a patient-centered practice transformation. Before calling the architect and/or designer, organizations must first lay the groundwork for successful design by thoroughly evaluating their practice operations and culture. Continue reading
When you take a close look at the data from physician compensation and production surveys, you’ll find some interesting trends emerging in cardiology. For instance, a Medical Group Management Association (MGMA) survey reported that total compensation has increased 8% on average across all subspecialties since 2009. Meanwhile, productivity has dropped across all subspecialties by an average of 14% over the same time period, as shown in the table below. Continue reading