Code Red (Part 1): Payment Complexity is the Root of All Healthcare Evils
4sight Health June 20, 2023
As a CEO in healthcare for 35 years, I have been responsible for helping different organizations improve their operating margins, cash flow and overall balance sheets.
From this frontline vantage point, I’ve seen firsthand how the increasing complexity in healthcare payment models have warped medicine’s ability to provide compassionate, appropriate and cost-effective care.
Here’s a disturbing trend: During the past four decades, the healthcare payment model has become increasingly complex, putting increasing pressure on providers to collect payment for their care. If it keeps going like this, I predict in the next five or so years that powerful demographic and economic realities will compound with this complexity to force real change in healthcare payment models.
Demographics Don’t Lie
Today there...