Massive Losses in US Healthcare Industry Due To Fee For Service Payment Systems

Posted by Dike Drummond MD

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
ONLINE VIDEO TRAINING PROGRAM
5 Lessons to Navigate the Crisis with Confidence

How did it all come to this?

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Tags: covid19, Healthcare industry, capitation, Fee for service, Healthcare Financial Losses

Mayo Clinic $3B Loss Foreshadows Layer Three of the COVID-19 Crisis

Posted by Dike Drummond MD

The worldwide pandemic of coronavirus is a disaster with multiple layers of crushing impact

It is nearly impossible to fathom the magnitude of the devastation. BAD on top of BAD on top of BAD, like a layer cake made of fresh manure -- and you and I and everyone else has to chew and swallow a nice big slice every week for long as it takes to reach the other side.

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Tags: covid-19, mayo clinic, coronovirus pandemic, Healthcare industry


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