Healthcare Industry Prognostications

The PWC Report

By Staff Writers

A recent study by PriceWaterhouseCoopers [PWC] suggests that 2008-09 could be a big period for the healthcare sector with structural changes that could alter the industry. These include alterations to hospital Medicare reimbursement, further IRS pressure on non-profit hospitals, the growth of the retail clinic market and the continued emergence of consumer-directed healthcare, according to the PWC Health Research Institute [HRI].

Predictions

For example, with CMS changing the way it pays hospitals – adding 200 diagnosis codes for severity while refusing to pay for some medical errors and “never-events”, some hospitals will see less income, while others more. The firm also predicts that the retail clinic sector will continue to expand, that the FDA will boost drug and medical device safety standards, and that the IRS will bear down hard on non-profit hospitals to prove that they’re providing adequate community benefits.

Assessment

Health economic Sustainable Growth Rate [SGR] prognostications also suggest that the present path of Medicare reimbursement can not be sustained; with harsh cutbacks like 20% physician payment reductions, threatened.

Conclusion

Since these predictions will be spurred, in part, by the shift in political power triggered by November’s presidential election; your thoughts are appreciated?

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One Response

  1. On Futurist Joe Flowers and Domestic Healthcare

    Joe Flower is a premier observer of the deep forces changing healthcare in the United States. He has written for a number of healthcare publications including the Healthcare Forum Journal, Physician Executive, and Wired Magazine.

    In fact, I have downloaded and am now reading all of Joe’s “Five Frameworks …” papers. They are excellent and you may obtain them here:
    http://www.imaginewhatif.com/frameworks-for-the-future-of-healthcare

    You can also find more of Joe’s work at his website: imaginewhatif.com

    Brenda

    Like

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