Horizons Spring/Summer 2019

INDUSTRY UPDATE HEALTHCARE

Healthcare Industry Adapts to Reduce Costs & Provide Quality Care by Tom Zetlmeisl, CPA, CFE, CFF, CGMA & Zach Goers, CPA

L ooking ahead to the next decade in healthcare, one thing is certain – it will be a decade of change. There have been fundamental shifts in how healthcare is delivered in the United States with new care delivery models and patients demanding (and receiving), more transparency with respect to the cost of care. There is a tension between reducing costs and providing quality services to patients. This trend towards value-based care has been a particular point of emphasis for the industry since the passing of the Affordable Care Act in 2010.

Increased Patient Care Options There has been a significant increase in the number of outpatient providers delivering care in the U.S. Broadly speaking, these ambulatory care providers include numerous types of out- patient care facilities, including but not limited to urgent care, retail clinics, specialty care clinics, work-based provider clinics and even telehealth providers. Each of these care settings allow patients to receive the treatment they need, when they need it and at a location convenient to them.

Spring/Summer 2019

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