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
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