Fee For Service Payment Dark Side = Massive Healthcare Industry Financial Losses in the COVID-19 Pandemic
The Perfect Storm - is this the Beginning of the End of Fee-For-Service Medicine in the USA?
There are MASSIVE LOSSES across the board for every healthcare delivery organization I am talking with - for weeks now.
The Mayo Clinic announcement of a projected $3 Billion 2020 loss was the first specific warning from an otherwise stable provider organization.
$100M in bailout payments to Baylor Scott and White and other Texas hospital systems is just the next in a long line of bad news for healthcare over the next 18 months.
Will this catastrophe force significant changes in the way healthcare is paid for in the USA?
- The Old Normal is clearly gone, toast, history and kaput.
- The New Normal is well off into the future and only after Darwin has done his nasty thing on the US healthcare industry.
- Are fee-for-service and for profit motivations actually on the way out?
Key Resource: Pandemic Survival Guide for Physicians
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