Telehealth could replace 7% of healthcare spend if COVID-19 catalyzes broader adoption
HFMA's Chad Mulvany says the transition to telehealth will require providers to rethink four fundamental questions about how they go to market and deliver services in the virtual arena.
Optum’s naviHealth acquisition will help lower the total cost of care for UHC members and Optum physician practice patients
Optum's naviHealth purchase rounds out is capabilities, ensuring its UHC members — particularly MA members and Optum's practices' patients — receive the right care in the right setting at the right time post hospitalization.
Is another health plan featuring virtual PCPs as primary access point a sign of things to come?
HFMA's Chad Mulvany questions if the recent expansion of telehealth could stimulate a trend of plans offering virtual PCPs as the primary care access point.
Strong financial leadership is likely key to the success of accountable communities for health
HFMA's Katie Gilfillan says strong financial leadership is required to manage and source the complex funding and ensure the long-term financial sustainability of accountable communities for health.
Health systems may require a smaller real estate footprint post-pandemic
Although there's an opportunity to reduce facility costs and generate revenue by selling idle real estate as a result of telework and virtual care delivery post-pandemic, the transition to virtual visits may have a negative impact on provider revenue that exceeds the savings.
Decline in healthcare spending contributing to economic downturn
HFMA's Chad Mulvany says the nation's economy and the health of its citizens could suffer if regular healthcare services continue to lag due to ongoing public concerns about COVID-19.
Pace of physician practice acquisition by health plans may accelerate post-pandemic
HFMA’s Chad Mulvany says it is likely health plans will have both motive and the wherewithal to acquire physician practices or employ physicians whose practices didn’t have the balance sheet to survive the revenue shock of the COVID-19 pandemic.
Healthcare organization partnerships with Area Agencies on Aging help reduce the total cost of care
Area Agencies on Aging are well-established resources for enhancing the health and well-being of a community’s elderly population and a natural partner for hospitals as they strive for a holistic approach to caring for older adult patients.
U.S. healthcare organizations should prepare for potential impact of coronavirus
U.S. healthcare organizations can mitigate the risk of an outbreak of the coronavirus by preparing now and being ready, even if there is little empirical evidence to suggest a case will arrive at their facility.
Social distancing due to coronavirus may have unintentional negative effects on seniors aging in place
The unintentional physical and emotional suffering social distancing may cause at risk seniors who are sheltering in place, will also increase the total cost of care, putting further COVID-19-related pressure on participants in alternative payment models.