HealthLeaders Media Finance - October 25, 2010 | No End In Sight to Rising Healthcare Costs View as a Webpage | Subscribe for Free
No End In Sight to Rising Healthcare Costs
Karen Minich-Pourshadi, Senior Editor

Providers say they're working to decrease healthcare costs, but the bills keep mounting. There are more than a few culprits here: the economy, hospitals, insurers, employers, even physicians. High-deductible health plans aren't the answer; people don't shop around for bargains when they're sick. It all adds up to a dim financial future for patients and providers. [Read More]
  October 25, 2010

Editor's Picks
As Reimbursements Decline, Providers Find it Easier to Go Green
In case you hadn't noticed, many physician specialties are in store for reduced reimbursements in the years ahead, as we transition to a payment system that is less and less reliant on fee-for-service and more focused on patient outcomes. That leaves independent physician practices in a bit of a predicament. Sure, if you lead a practice, and if you're a smart planner, you're spending all the time you can to get your electronic medical record implemented, but you should also spend some time looking over your real estate, building, and operations costs as well. [Read More]
Nurse Leaders: The Next Generation
One of the speakers at last month's Nursing Management Congress in Texas conducted a quick, informal poll among attendees to see which age brackets were represented. Overwhelmingly, one group stood out: those who were less than 15 years from retirement. The speaker's aim was to illustrate the point that our nurse manager workforce is aging and we face a succession planning crisis in the near future. Nonetheless, many hospitals place little emphasis on developing formal nurse succession plans or offer leadership development classes to groom the next generation of leaders—that could be detrimental. [Read More]
Is HHS Compromising with Insurers?
It's fourth and ten and the Department of Health and Human Services (HHS) is just out of field goal range. They've been driving hard to an end zone with the words "Affordable Care Act" painted in big letters, but with a comfortable lead and plenty of time on the clock, the smart thing to do is, of course, to punt. That's exactly what HHS did with the ACA's current 800-pound gorilla: ensuring children with preexisting conditions can get healthcare coverage. [Read More]
Intelligence Report: Patient Experience — Help Wanted
While 72% of senior healthcare leaders say that patient experience has been a priority in the past year, only 1 of 8 CEOs has primary responsibility for it. Our exclusive, original research and analysis examines this paradox and delves into the realm of patient experience and its challenges, including why healthcare leaders report lack of success in achieving the kind of patient experience they need to provide. [Read More]
Breakthroughs Report: Hospital Merger and Acquisition Strategies
The rules of healthcare are changing. Today, growth isn't about just getting bigger. It's about developing all of the components needed for coordinated care and reduced costs. In this HealthLeaders Media Breakthroughs report, leading hospital systems that have seen the value of growth from mergers and acquisitions—North Shore LIJ Health System, Novant Health, Baylor Health Care System, and Bayhealth Medical Center—share insights and lessons learned. [Read More]
HealthLeaders Media Rounds: Building Accountable Care Organizations
Hospitals and physicians are working hurriedly to build systems of care that reward quality, outcomes, and high-value care—the ingredients of the accountable care organization. Innovative healthcare leaders like Carilion Clinic, Norton Healthcare, and Sinai Health System are getting ready now for the future of healthcare system delivery. Join us on Dec. 9 from Carilion Clinic and share the lessons these leaders have learned. [Register today]
Finance Forum
HIPAA Compliance Requires Coding, Processes Update
As the deadline for HIPAA 5010 compliance approaches—requiring migration from ICD-9 to ICD-10—the big question on everyone's tongue is: what's the greatest path to compliance and efficiency? For payer organizations, this will result in increased enrollments, claims processing, customer service requirements, and operational challenges.

[Read More]
Sponsored Headlines
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IBM WebSphere Portal: Helping to put the patient first : To stay competitive, leading healthcare providers focus more and more on their patients' needs. While many recognize the potential of IT to improve services, many struggle with driving new IT efficiencies. Read this paper to see how IBM® WebSphere® Portal software can help providers by offering a flexible and valuable long-term solution.
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Forrester Whitepaper: CMO's Must Connect the Dots of the Online Brand : Digital has been widely embraced by consumers and by many parts of the enterprise. But the adoption of digital channels - Web sites, mobile apps, online sales and customer service, and other smart touches - has often occurred in a piecemeal way. This has resulted in three potential mishaps.
Finance Headlines
Health insurers raise rates, while increasing reserves and salaries, October 25, 2010
Healthcare Costs Soar Above Overall Inflation
John Commins, for HealthLeaders Media, October 22, 2010
Key health insurance group to weigh in on spending
Reuters, October 21, 2010
Nonprofit Hospital Admissions Dipped in 2009
John Commins, for HealthLeaders Media, October 22, 2010
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Hospitals are Predicting, Adapting to Change

The business models that will emerge in the era of healthcare reform are still unclear, but leading hospitals and health systems are already positioning themselves to adapt when they do come into focus. They're taking the first steps toward becoming accountable care organizations even before anyone knows for sure what an ACO will look like—or even if they'll ever come to fruition. [Read More]
Service Line Management
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