A new poll conducted by the American College of Physician Executives (ACPE) reveals that the trend of physician integration may drive up costs, rather than decrease it through increased efficiency and streamlining care. Thirty-two percent of the 459 organizations surveyed said the costs of delivering healthcare went up after a hospital or health system bought a group or practice.
Of those surveyed, 16 percent said costs remained the same, while only 5 percent said costs decreased. Twelve percent were unsure, while the remainder said the situation wasn't applicable. Many said that the cost increase is temporary and will change once they switch from a volume-based reimbursement model to one focused on value and quality of care.
Also, while the cost of healthcare may go up with integration, it does bring benefits. "Our costs and charges are indeed higher with physician employment than without," David McDermott, M.D., the director of emergency services at Mayo Regional Hospital in Dover-Foxcroft, Maine, said in a statement. "However, in rural Maine, if there was not hospital employment of physicians, the physicians would not be here. Costs have risen but we now have access."
In February, Healthcare Informatics looked at how the era of merged hospitals and physician practices is affecting infrastructure and technology. In that piece, it was revealed that integration for CIOs involved overseeing the harmonization of multiple systems and staffs.
The market segment for artificial intelligence (AI)-powered wearables will grow 376 percent annually in 2017 to reach 60 million units, according to a new Counterpoint Technology Market Research report.
Cybersecurity budgets are growing and healthcare organizations are allocating more employees to IT security compared to a year ago, however, despite the progress, significant gaps remain, according to a study from HIMSS Analytics and Symantec released last week during the HIMSS17 conference.
Aetna announced last week that it would collaborate with other health plans in its region and local primary care practices as part of the federal government’s Comprehensive Primary Care + (CPC+) initiative.
North Carolina-based health IT company Lenovo Health and Orbita, a Boston-based connected home healthcare company, launched a virtual home care solution and showcased the technology at HIMSS17 in Orlando.
The Office of the National Coordinator for Health Information Technology has announced five winners in Phase 2 of the “Move Health Data Forward” Challenge, a contest to develop solutions to help with the flow of health information.
At the HIMSS17 conference in Orlando on Monday, The National Association for Trusted Exchange (NATE) unveiled NATE’s Blue Button Directory (NBBD) and is demonstrating it as part of the Federal Health Architecture’s demonstrations in the HIMSS17 Interoperability Showcase.