Accountable Care – The Hunting of the Snark
Ralph Lawson, CFO, Baptist Health South Florida, Chair-Elect Healthcare Financial Management Association (HFMA)
The United States consumes more healthcare than any other country in the world while individuals, governments and employers struggle to pay the bill. The U.S. recession has exacerbated the problem for providers and payers alike. With an industry wide focus on increasing quality and decreasing costs, providers must implement innovative value based strategies to survive and thrive in the “new normal” for U.S. healthcare. As the one year anniversary of the passage of historic healthcare reform legislation has come and gone, many believe that the healthcare financing system remains unsustainable as the “Snark” continues to elude capture or even definition. In addition to providing an understanding of the current state of U.S. healthcare economics and insights into the inevitable changes that will be required over the coming years for providers to survive and prosper under reform, this presentation focuses on: – current and historical attempts in the healthcare industry to identify, increase, and communicate value to patients, providers, employers. – key healthcare megatrends will also be identified as health care providers shift from volume based to value based strategies – the presenter’s views on the “winners and losers” under the “new normal” will also be discussed, providing insights about what the future U.S. healthcare system may eventually look like.