Keckley Report July 11, 2022
This weekend, hospital leaders will gather in San Diego for the American Hospital Association’s Annual Leadership Summit. The 3-day meeting features sessions about hospital governance, leadership, Covid, health equity, systemness, physician and payer relationships et al plus mingling with the Summit’s 75 sponsors.
“Transformation” will be a frequent theme: most hospitals recognize their future is not a repeat of their past. Labor and drug costs are soaring and operating margins are shrinking. Insurers are commanding deeper discounts and hiring doctors. Hospital report cards with disparaging findings proliferate. Private equity is cherry-picking low hanging fruit with $1 trillion of dry powder. Employers are cutting employee health benefits or organizing against health costs. Congress and state legislatures are paralyzed by partisan brinksmanship...
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