Healthcare – The final frontier of innovation. Through contentious reform legislation, major consolidations among indemnifying and service providing organizations, the proliferation of new risk-bearing and service providing models of delivery, we are at long last inching towards a modern system. Whether adapting business strategy, shifting operational practices to accommodate value-based and other alternative payment models,…
The Cureatr Blog
Posts Categorized: Policy & Reform
According to a recent FierceHealth article, hospital executives’ top concern in 2014 was how to meet the financial challenges associated with running their businesses. These findings were reported from the results of an annual survey conducted by the American College of Healthcare Executives (ACHE).
There is a fundamental and significant change coming in the manner in which Medicare will pay hospitals and doctors for their services. This new payment model will be based on quality of care as opposed to the older, volume-based methodology. According to an Associated Press story this week that was reported in USA Today, Modern Healthcare and other major news media, President Barack Obama has said he hopes this shift in the Medicare reimbursement model will be a catalyst for improving spending in the nation’s $3 trillion healthcare system. The administration also wants state Medicaid programs to join the payment-for-quality initiative.
Okay, so you’re asking what the heck DSRIP is and how it affects ME. Well, even if you are a provider or a patient, we have all experienced issues resulting from poor coordination of care in the healthcare system. CMS – State and Federal – have decided to do something about this. On April 14, 2014 Governor Cuomo announced that New York and the Federal Government finalized a groundbreaking (Medicaid) waiver allowing the State to reinvest $8 billion in Federal savings, previously generated by the Medicaid Redesign Team reforms. They are investing all of this back into that very thing that has frustrated us – poor care coordination – right here in Cureatr’s home-court New York.