- 60% of health systems have some margins. 40% do not.
- We recently reported on 73 health systems cutting jobs and 22 hospital closures. Becker’s Healthcare
- Every week we see reports of closures of units and facilities.
- The 5 largest tax exempt systems are Kaiser, CommonSpirit, Advocate, Providence and UPMC.
- The administrative costs in health care are enormous.
- Changing the payment system isn’t the answer. It’s not ffs va value based care. Both have their flaws. Reducing administrative costs is part of the answer.
- The affordability of health care is getting worse and worse. Ie average increases outpace inflation. Essentially costs are going up and access is getting worse. The total average cost for an employer sponsored plan has risen to more than $25000 per year. This includes premiums plus deductibles.
Becker’s Healthcare – Fall Conferences
Follow Becker’s Healthcare. Join us at our Fall Conferences. Jessica Cole and Virginia Egizio, CMP