Health, hospital system consolidation will reshape delivery system, HFMA report says.
Healthcare Finance reports, Hospital and health system consolidation will continue to build, giving the delivery system a significant makeover during the next decade, according to Health Care 2020: Consolidation, a new report published by the Healthcare Financial Management Association. Over that time, healthcare organizations will be challenged to prove that the changing landscape actually improves value to consumers.
The report is the third in a series of four that comprise an environmental assessment designed to guide healthcare organizations in their strategic planning efforts over the next several years.
One major trend cited by the report is that Independent physician practices are increasingly becoming an endangered species, due principally to the healthcare industry’s accelerating transition from volume to value. Regardless of whether pending mergers are allowed to go forward, the health insurance sector should remain highly consolidated for the near future.
HFMA President and CEO Joseph J. Fifer, FHFMA, CPA, said in a statement that consolidation is a trend that’s here to stay.
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Healthcare Finance – Health, hospital system consolidation will reshape delivery system, HFMA report says