Breathing Room: 3 powerful ways to respond to today’s financial squeeze

Healthcare DIVE May 23, 2018
Studer Group

For the tenth year in a row, financial challenges have ranked number one on the list of hospital CEOs’ top concerns on the American College of Healthcare Executives’ annual survey. The pace of change in healthcare remains brisk.

While healthcare spending is on the rise again, price growth is down across all payer classes. And there’s no end in sight for inpatient reimbursement cuts as the Center for Medicare and Medicaid Services’ (CMS) Value-Based Payment (VBP) penalties continue to roll out for new covered diagnoses. Here’s what you can do to respond now:

1. DRIVE DOWN PREVENTABLE READMISSIONS

Today, 70 percent of hospitals are in a CMS penalty phase for readmissions. This challenge takes on new urgency as CMS continues...

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