From the effects of high-deductible health plans to how to remain profitable in the future, hospital and health system CFOs certainly face a myriad of challenges in 2016.
During a panel discussion at the Becker’s Hospital Review 4th Annual CEO Roundtable + CFO/CIO Roundtable in Chicago, Scott Becker, JD, partner at McGuireWoods and publisher of Becker’s Healthcare, asked each speaker to identify the most pressing issue hospital and health system CFOs will encounter in the year ahead.
Palo Alto, Calif.-based Stanford Health Care CFO Daniel Morissette said payment reform is at the top of his list, particularly concerning Medicare. “We really do believe much harder times are coming from a reimbursement standpoint,” he said.
Moving from the West Coast to the Midwest, Cincinnati-based The Christ Hospital Network CFO Chris Bergman also sees erosion of the payer mix and revenue pressures as major challenges going into 2016. “It’s not just the fact that we’re going to get paid less for what we’re doing. We’re also seeing a shift in business,” he said.
Mr. Bergman also highlighted how “CMS is nipping at little things,” which makes him constantly worried they’re going to reduce payments.
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