Our latest episode took different direction by looking at how the Affordable Care Act and rising health care costs are impacting providers of healthcare. Our special guest of the week was Glen Fosdick, the President of the Nebraska Medical Center, which is a large teaching hospital located in Omaha, Nebraska. Alongside my co-host Dr. Harris Frankel, we explore how an organization like a major hospital is impacted as an employer due to this law.
As a company who self insures, it is becoming more and more common for places like the Nebraska Medical Center to institute wellness programs in order to curb rising healthcare costs within their workforce. They have had considerable success with the “simply-well” program which has shown to lower their healthcare costs. Programs like this and others in chronic disease management will be paramount for controlling future spending. There are some things in the legislation, but more needs to be done.
The health reform law will have a major impact on health care providers, particularly those who see a lot of Medicare and Medicaid patients. The ACA doubles the size of Medicaid, but the Supreme Court ruled states can opt out. Worse is these providers are often paid for taking care of large volumes of these populations because the reimbursement rates are not as favorable as private health insurance. Some of these payments are reduced under the Affordable Care Act.
Finally, on the issue of compliance. Many providers are in the middle of implementation so you may see movement towards more electric health records. This is supposed to increase efficiency and eventually lower costs. Other changes like Accountable Care Organizations or ACOs which are other topics of consideration all discussed during the show. Check out the podcast of America’s Healthcare Challenge for the latest in health policy and check out the latest information you need to know regarding the hottest topic of the day. All found exclusively here on HealthReformExplained.com.