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Hospital chief financial officers (CFOs) report that difficulty shifting costs to payers paying full charges threatens hospital viability. This financial pressure is expected to drive national healthcare reform.
Area of Science:
- Healthcare Management
- Health Economics
- Hospital Administration
Background:
- Hospitals traditionally shift costs to payers with higher reimbursement rates.
- This cost-shifting model is becoming increasingly unsustainable.
- Financial pressures on hospitals are escalating.
Abstract:
Hospitals are "on the verge of self-destruction" because they are finding it more difficult to shift costs to those few payers who pay full charges, say CFOs. In fact, the inability to continue shifting costs will lead to national health care reform, say members of a panel of CFOs hosted by Hospitals.