Co-authored with Siddhartha Aneja.
American healthcare patients are demanding more price transparency, affordable services and quality care. Why are they not receiving it? How can healthcare organizations listen to consumers and set themselves up for success and achieve patient loyalty?
Americans are used to Fee-For-Service (FFS) payments, but this is not the future of healthcare. To make customers happy and satisfied, healthcare organizations need to work patients to improve their payment experience.
By SUN Xi and Herta Monica Montesino Cucos
“The China-US relationship can never be too good or too bad” or so believed Deng Xiaoping, the chief architect of modern China. Today, however, there are new views according to which the China-US relationship will never return to how it was in the past, and that it cannot avoid the “Thucydides trap.” It is arguable whether China and the United States have started a “new Cold War,” but the trade and technology war is clearly already going on.
This morning’s very upbeat February Existing Home Sales report. Also this morning, wholesale book-value inventories jumped +1.2% in January; the consensus had expected only a modest gain. However, international data was more worrisome with Germany’s Markit PMI falling further into the red, down -3 points to 44 in March (50 is break-even).
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It’s like preparing and serving a seven-course meal that your biggest customer ordered only to have the entire menu change between the salad and the main course. That’s what it must feel like for hospitals and doctors dealing with the ever-changing value-based reimbursement programs from Medicare.
That thought came to mind when reading the Medicare Payment Advisory Commission’s latest annual March report to Congress. The 531-page tome makes all kinds of recommendations to the federal legislative branch on how to improve the government’s health insurance program for seniors.
The Healthcare Affordability Index shows how the rising costs of healthcare insurance, both for companies and employees, stagnate wages.
The biggest economic conference of the season, the World Economic Forum, has just wrapped up in Davos. Most of the sessions are now available as they happen, and with the snow piled high here in Chicago, watching them online almost seemed like being there. I’ve included links to some of the best discussions and interviews you might enjoy on this even colder weekend.
Co-wrote with Dr. Harold Picken, Huron Consulting.
Definitions of precision medicine are anything but precise. For seriously ill patients and their families, precision medicine therapies provide a hope when all else has failed. They’re willing to risk long odds for the chance to improve or extend life, but they want health insurers to cover the costs.