Feeling the squeeze from softening service demands, growing competition, reimbursement cuts and increased regulatory oversight, the healthcare industry is ripe for financial relief. Will this year offer any respite from lingering economic and social malaise?
In Healthcare Trends & Forecasts in 2011: Performance Expectations for the Healthcare Industry, two key thought leaders tackle these questions and more as they look ahead to healthcare reform 2.0 — implementation and rollout.
In HIN's seventh annual healthcare industry forecast, which has become an essential planning tool for healthcare executives, William Shea, partner, health industry consulting for Cognizant Business Consulting and Steven T. Valentine, president, The Camden Group, review the industry landscape for the year ahead and suggest how healthcare organizations can best position themselves for the months to come.
Their watchwords are bundled, shared, co-management, collaboration, coordination — initiatives that require payors and providers to pool resources to boost the quality and efficiency of healthcare delivery and raise revenue.
They also describe the preparation and assessments that must precede these ventures as well as the technology required to tie them all together.
In an expanded Q&A section, Shea and Valentine suggest cost reductions for lean-minded organizations, opportunities that ACOs present for managed care organizations and health plans, and requirements to engage primary care physicians in new care models.