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From proposals to policies: A national conversation on healthcare reform
Susan Dentzer, editor-in-chief of Health Affairs and health correspondent of The NewsHour with Jim Lehrer, moderated a panel of healthcare experts, economists and lawmakers as they discussed President-elect Obama's health care reform proposals. This broadcast was recorded from the National Press Club, Washington, D.C. on November 20, 2008.
Healthcare policy in an Obama administration: Delivering on the promise of universal coverage
President-elect Barack Obama has pledged to implement multiple changes in our health care system with the goal to increase access and affordability of health care in the United States. This report recognizes the difficulty in developing such reforms in light of current market conditions, the implications reforms could have and provides five suggestions to make health care more affordable. To find out more about how the President-elect proposes to implement changes to the existing health care system and the possible impact of such reforms read,
Healthcare policy in an Obama administration: Delivering on the promise of universal coverage.
What
employers want from health insurers – now
Studies show that most employers are satisfied with their health benefits
and want to continue providing these benefits to their employees. However,
employers' expectations of their health insurers are changing, and while
many studies in the past have examined the relationship between employees
and their employer-sponsored benefits, less is known about employers and
what they want from insurance carriers. To find out more about the
evolving attitudes US employers have regarding health insurers read,
What employers want from health insurers - now.
Fair value option considerations: A guide for not-for-profit organizations
PricewaterhouseCoopers is pleased to bring you
Fair value option considerations: A guide for not-for-profit organizations. Issued in February 2007, FASB Statement No. 159 (FAS 159), The Fair Value Option for Financial Assets and Financial Liabilities, expands the ability to select fair value as the basis of measurement for certain financial assets and liabilities, referred to as the fair value option (FVO). This guide looks at accounts typically found in the financial statements of not-for-profits organizations (including healthcare, higher education and other not-for-profits) and discusses some of the pros and cons of making FVO elections under FAS 159.See
more
Impact of FAS 157 on contribution accounting: A guide for not-for-profit organizations
PricewaterhouseCoopers is pleased to bring you
Impact of FAS 157 on contribution accounting: A guide for not-for-profit organizations. FASB Statement No. 157 (FAS 157), Fair Value Measurements, is a broad principle-based standard that provides a consistent model for determining fair value measures. Using a case study format, this guide provides a high-level overview of the FAS 157 framework and then explores how FAS 157 could be applied by not-for-profit organizations (including healthcare, higher education and other not-for-profits) to contribution-related fair value measurements. See
more
Children’s Medical Center integrates process improvement and electronic health record initiatives
Modern Healthcare and PricewaterhouseCoopers present
Straight Talk. This session addresses process improvement and EHR initiatives and was held at Modern Healthcare’s Chicago headquarters on August 26, 2008. Fawn Lopez, publisher of
Modern Healthcare, was the moderator.
Children’s Medical Center, a two-hospital pediatric system in the Dallas metropolitan area, is successfully embracing one of healthcare’s more challenging missions: to significantly improve care delivery by providing real-time, all-the-time access to electronic health records (EHR) for patients and providers. Children’s, affiliated with UT Southwestern Medical Center, is licensed for 483 beds. Its leadership approaches the EHR project as an integral component of hospital-wide process improvement initiative, involving collaboration among senior leaders, physicians, clinical personnel and information technology experts.
See
Children’s Medical Center integrates process improvement and electronic health record initiatives.
You get what you pay for: A global look at balancing demand, quality, and efficiency in healthcare payment reform
As the pressure to control health spending increases, payers, governments, and providers are compelled to scrutinize the quality and amount of care they'll be able to deliver in the future. Health leaders around the world see the health payment system as one of the best tools in managing this challenge and achieving sustainability. However, with less than 40% of those same leaders ranking their existing payment system as good, every country has room to improve and can benefit from shared best practices. See
You get what you pay for: A global look at balancing demand, quality, and efficiency in healthcare payment reform.
Behind the numbers: Medical cost trends for 2009
From one year to the next, healthcare costs for employers and their workers always go up. Yet, for the past five years there's been some positive news. The growth rate has been dropping. However, that trend will level off in 2009, according to employers and health plans. The new Health Research Institute (HRI) report, "Behind the numbers: Medical cost trends for 2009", addresses the cyclical nature of the healthcare industry and provides insights into the conflicting factors that are contributing to both cost increases and savings. See
Behind the numbers: Medical cost trends for 2009.
Not-for-profit healthcare, higher education, and other not-for-profit and government organizations.
Emerging issues: Summary of emerging accounting, tax and regulatory issues in 2008
This year's edition of Emerging issues* describes the accounting, financial reporting, tax and regulatory compliance issues that are specifically tailored to concentrate on areas of interest to not-for-profit organizations and governmental business-type activities. This summary will help you identify the issues you will face and guide you on how to overcome them. The summary is divided into six areas of relevance: FASB, GASB, AICPA, Other Issues, Regulatory and Tax.
PricewaterhouseCoopers answers five top questions on Form 990
While the debate continues to evolve regarding the lengths hospitals and not for profits must go to justify their tax exempt status — one thing is clear — the deadline looms.
See more
The price of excess: Identifying waste in healthcare spending
More than half of the $2.2 trillion spent annually on healthcare in the U.S. could be considered wasteful, according to an analysis published by PricewaterhouseCoopers’ Health Research Institute. Defensive medicine, such as redundant, inappropriate or unnecessary tests and procedures, was identified as the biggest area of excess, followed by inefficient healthcare administration and the cost of care necessitated by conditions such as obesity, which can be considered preventable by lifestyle changes.
Straight Talk: Looking at Health System Disaster Preparedness
When — not if — a large-scale disaster hits, Americans expect a carefully orchestrated and sequenced response from hospitals, emergency workers and public health officials. In their greatest time of need, the system may fail them unless disaster preparedness becomes a greater priority. In this StraightTalk roundtable, health industry leaders discuss the steps health executives should take to ensure an effective response to a disaster.
Paying for performance: Incentives and the English health system
Many countries are looking at ways to reform their healthcare payment systems around performance. The English system for paying primary care physicians is the only one in the world that bases a significant portion of physicians’ pay on quality metrics. For that reason, this “pay for performance” (P4P) system is worthy of study, and the PricewaterhouseCoopers Health Research Institute (HRI) report shows what is working well, what needs further refinement and what should be considered when implementing pay for performance methodologies. The learnings from this go far beyond the English system.
Research rewired: Merging care and research information to improve knowledge discovery
Today's ad hoc methods of managing research information are beginning to strain under increasing demands for new drugs, more personalized medicine, better diagnostic tools, and post-market safety monitoring. This report investigates the benefits, barriers, and emerging approaches to creating an integrated information environment that will help to shape scientific diagnostic, drug, and device discovery in the future.
Top eight health industry issues in 2008
Health organizations face a pivotal year in 2008 as they anticipate the wildcard outcome of the presidential election. Meanwhile, they must prepare for impending changes — pharmaceutical and life sciences companies are adapting to a new safety agenda from the FDA including the agency's expanded authority over post-market drug safety.
Beyond the sound bite: November 2007 review of presidential candidates' proposals for health reform
Healthcare is one of the top domestic concerns in the upcoming presidential election. The current health care system is not built to last, and the 2008 presidential election is poised to see a significant push for major health reform. The direction it goes depends largely on the next President.
PwC Straight Talk on creating a climate of innovation: Healthcare industry leaders discuss what they're doing to nurture innovation
The United States faces another political season, and, likely, a volatile debate about what can be done to improve the current health system. Everyone agrees that the current path is not sustainable, and is fracturing around access, affordability and quality. Failure is not inevitable; in our global research report, HealthCast 2020: Creating a sustainable health system, PricewaterhouseCoopers’ Health Research Institute identified "Climate of Innovation" as one of the key features needed for sustainability.
Closing the seams: Developing an integrated approach to health system disaster preparedness
A disaster occurs every week in the US, and the numbers are increasing. Yet despite increased federal and state funding since 2001 and lessons learned following 9/11 and natural disasters like large-scale hurricanes and floods, disaster planning in the healthcare arena remains sporadic, disconnected and under-funded. PricewaterhouseCoopers Health Research Institute's (HRI's) "Closing the Seams" analyzes preparedness throughout every key element of our healthcare system, identifies gaps, and highlights emerging solutions and innovative best practices that can be leveraged to make the most of our resources and help those in the emergency response and healthcare communities deliver the best healthcare possible in the face of unknown disasters.
Creating a climate of innovation: The health industry's most challenging paradox
Innovation is one paradox of healthcare - tremendous strides forward within a system that overall doesn't work well. Can innovation transform healthcare? The annoyingly complex answer is that it does and it doesn't. Effective incremental, sector and local innovations are everywhere, but the breakthroughs that would make the entire health system workable remain elusive
Keeping Score: A comparison of pay-for-performance programs among health plans
In order for providers to improve quality and make sustainable changes in the delivery of care, they must have specific incentives to do so. Pay-for-performance programs are an important tool to link financial payment with quality improvement. If P4P is to succeed in significantly moving the needle on quality, we ultimately need an all-payer approach, wherein providers face the same metrics and incentives for all their patients, regardless of their insurance coverage.
What works: Healing the healthcare staffing shortage
The federal government predicts that by 2020, nurse and physician retirements will contribute to a shortage of approximately 24,000 doctors and nearly 1 million nurses. Health industry leaders are faced with the challenge of orchestrating care in an increasingly complex and converging healthcare labor market. Seeking solutions means understanding that while the challenges confronting nurse and physician shortages are very different, their roles and futures are starting to converge.
Behind the numbers: Healthcare cost trends for 2008
The nation's employers can expect a return to single-digit increases in health benefit expenses in the year ahead. Unlike health plan premium forecasts, medical cost trends reflect the underlying numbers for actual medical costs by plan design. They are used by private insurers and employers to compare health plan costs year over year, ultimately to set premium levels and design the benefit packages that will be offered to employees in the fall.
Pharmacy Benefit Management Savings In Medicare and the Commercial Marketplace
The Pharmaceutical Care Management Association (PCMA) retained PwC to estimate the value of pharmacy benefit management as well as the potential impact of enactment of proposed legislation that would restrict pharmacy benefit management (PBM) activities for consumers, private employers, health plans, unions, and state and federal governments. Download
Pharmacy Benefit Management Savings In Medicare and the Commercial Marketplace (330kb).
Collaboration fosters connected health
The system of caring for people.the chronically ill, the elderly or even the fitness buff.is reactive, expensive and cumbersome. But a new paradigm of care, called connected health, promises to reduce costs and improve quality by working with patients proactively.
Super Cluster: Ideas, perspectives and updates from the Massachusetts life sciences industry
Massachusetts is a leader in the life sciences on many measures. This report provides economic analysis on provides trends related to employment, wages, and public funding. It also draws on information from the 2007 PwC Massachusetts Life Sciences Cluster Survey, which provides insight on future opportunities and threats from over 100 executives in all sectors of the life sciences in Massachusetts. Woven into the report are the perspectives of key leaders in life sciences in Massachusetts, who focus on the groundbreaking work being performed in the Commonwealth and its global implications.
Tailoring the approach: Employer attitudes and healthcare strategies address distinct issues
Employers are still debating how to stave off future healthcare cost increases and incent employees to take on more responsibility for their health. In describing emerging employer attitudes and healthcare strategies, a tailoring of approaches can be observed, in which distinct issues, such as chronically ill employees, are being addressed through specific tools, incentives and disease management programs. The newest results released by the Health Research Institute of PricewaterhouseCoopers and Management Barometer demonstrate the evolution of employer attitudes on benefit design, consumers and quality.
TGen: Translational Genomics Research Institute
Translational research generates tremendous benefits. The nexus between basic research and its commercial applications is too often neglected yet it can attract players on both sides, creating a true hub of scientific and business activity.
The quality conundrum: Practical approaches for enhancing patient care
More than a year in development, "The Quality Conundrum" is a compilation of essays by PwC subject matter experts, discussions with selected clients and insights from our interviews with health industry leaders in the United States and around the world. It explores the barriers that have made healthcare quality improvements difficult to achieve, and outlines a clear path to progress. It includes a discussion of quality from the patient's perspective, in the journey across the health care system.
Recapturing the vision: Restoring trust in the pharmaceutical industry by translating expections into actions
This report provides an in-depth analysis of one of the most pressing issues facing the global pharmaceutical industry today -- its reputation and how it deals with perceptions about its business and operational models. This report (along with the first in the series "Integrity Driven Performance in the Parmaceutical Industry") was co-developed by the Pharmaceutical Industry Group and the firm's Health Research Institute.
The Healthcare Quality Equation
Though various health organizations may define and approach quality differently, the common denominator is the patient’s perspective, experience and outcome. Quality issues should be an important part of health system executives’ agenda. Successful quality programs have a number of key ingredients, including decision-reporting tools and business analytics information - which depend on robust information reporting and a system-wide electronic medical record - as well as highly motivated employees and physicians.
My Brother’s Keeper: Growing expectations confront hospitals on community benefits and charity care
PwC interviewed healthcare executives across the country and convened a roundtable of hospital leaders to get behind the headlines of these issues in order to reveal solutions and leading practices around reporting, pricing, and business relationships.
Rethinking postretirement benefits
The FASB’s proposal, its impact on companies and capital markets, and the changing pact with the American worker
Rebuilding Healthcare In Louisiana - A Blueprint for the Nation
Executives from Franciscan Missionaries Of Our Lady Health System, Baton Rouge, and Ochsner Health System, New Orleans, discuss the present and future state of healthcare in Louisiana and how they have struggled to cope with day-to-day challenges while also preparing for the future.
See related report
Louisiana Recovery Authority Endorses PwC Healthcare Report.
The Trends and Benefits of Providing Healthcare Quality Data
In this latest HealthBrief, PwC discusses the results of a recent survey of top executives at large U.S.-based multinational companies. The focus of the HealthBrief is on healthcare quality data that firms provide to their employees as a way to influence the utilization of healthcare through better education of their employees on cost and quality issues and improvement of their own health behaviors.
HealthCast 2020: Creating a Sustainable Future
In this groundbreaking report, HealthCast 2020, PricewaterhouseCoopers looks at solutions and responses from around the world to the globalization and industrywide convergence of healthcare. What insights, best practices and policy lessons can be learned from experiences in various countries to create a globally sustainable health system? Who, or what, is driving the solutions?
Employers Embrace Consumerism to Control Healthcare Costs: New PwC White Paper
With double digit health insurance cost increases affecting the business bottom line, employers are turning to consumerism and consumer directed healthcare to provide a solution. HRI's latest research gets behind this trend to find out how employers are coping with rising healthcare costs and the promise that consumerism may bring.
Recapturing the vision: Integrity driven performance in the pharmaceutical industry
Pharmaceutical companies face increasingly regulatory scrutiny and highly critical media coverage of the industry's R&D, marketing and manufacturing practices. This report explores the reputation issues and compliance challenges facing the industry.
Protecting Healthcare Companies Against Fraud, Reputation & Misconduct Risk
At the end of the 20th century and the beginning of the 21st century, several high profile corporate fraud scandals jolted the financial markets and led to decreased investor confidence. The scandals that rocked corporate America over the past few years will have a lasting historical impact. Will historians dub these the frauds that changed America's Healthcare Sector? Public outrage over corporate fraud has resulted in new legislation, regulations and professional standards, which focus on prevention and timely detection. For the first time, corporate fraud is a key agenda item for boards of directors, senior management, and independent auditors.
Acts of Charity: Charity Care Strategies for Hospitals in a Changing Landscape
Hospital charity care provides millions of the uninsured with free care but courts, government regulators, and community leaders are now questioning the value that society derives from this community benefit. This comprehensive report by PwC's Health Research Institute examines the developing charity care issue, discusses key findings and recommendations and provides strategies for succeeding in this evolving environment.
Improving Patient Flow Dramatically Decreases Wait in Emergency and Inpatient Admitting
Recognizing that backups in the emergency department are a result of broken processes throughout the hospital, Provena Saint Joseph Medical Center in Joliet, Ill. redesigned workflow in many areas. In May, the 517-bed hospital eliminated the emergency department's waiting room and triage procedures and dramatically reduced the time that patients wait before being transferred to an inpatient bed.
In this installment of Modern Healthcare's Straight Talk, we look at the patient throughput initiative at Saint Joseph -- one of six hospitals owned by Provena Health in Mokena, Ill. The session on patient throughput was held on August 4, 2005 at Modern Healthcare's Chicago headquarters. Fawn Lopez, publisher of Modern Healthcare, was the moderator. PricewaterhouseCoopers presents Straight Talk.
Hospitals Under Fire: How to Respond to Criticism of Tax-Exempt Status
Straight Talk: New approaches in Healthcare.
Reactive to Adaptive: Transforming Hospitals with Digital Technology
Information technology and automation have as much potential to transform hospitals and healthcare delivery in the 21st century as ATMs and electronic banking did for financial services in the 20th century. A report by PricewaterhouseCoopers provides the first comprehensive look at the benefits realized by the growing wave of "digital hospitals" across the country.
Jointly produced by PricewaterhouseCoopers Health Research Institute and PricewaterhouseCoopers Technology Centre, the paper, entitled
Reactive to Adaptive: Transforming Hospitals with Digital Technology, finds that technologically advanced hospitals have greater potential to improve processes and outcome in patient care, reduce medical errors, increase productivity, and compete for market share against other hospitals.
The true digital hospital relies on technology as an integral and fundamental part of its business strategy. It comprises a completely automated set of health information management capabilities--including all administrative, financial, and clinical capabilities--that go beyond the scope of advanced clinical systems to include significant integration between information and medical technologies such as patient beds, surgical equipment, nurse call and communications systems, pagers, and medical imaging.
Digital hospitals are the first step of what is seen as an opportunity to use technological advances to create an even more extended "Digital Health Community."
Personalized Medicine: The Emerging Pharmacogenomics Revolution
The latest report from PricewaterhouseCoopers' Global Technology Centre and Health Research Institute provides insights into the challenges and opportunities afforded by pharmacogenomics.
Personalized Medicine The Emerging Pharmacogenomics Revolution
Each revolutionary change in human medicine, from antibiotics to painkillers to vaccines, has moved the practice of healthcare toward improved patient treatment. Pharmacogenomics, the next fundamental development in this area, promises to usher in an era of individualized patient care or personalized medicine. Pharmacogenomics uses markers in individuals' genetic code to pinpoint the underlying causes of disease.
The science is enabling researchers to better identify drug targets and the mechanisms of action of investigational new drug candidates. Genomics-related technology facilitates the elimination of unfavorable products at earlier stages of development than is currently possible. It also could guide companiesin designing clinical trials that would more definitively prove drug efficacy, in turn decreasing the time, costs, and risks of drug development.
In the clinical setting, pharmacogenomics will help physicians better define long-term health risks patients face, more precisely diagnose the stage of patients' diseases, and more accurately predict their responsiveness to specific drugs or the likelihood for adverse events.
Outsourcing in the Business Office Increases Cash
Straight Talk: New approaches in Healthcare
Revenue Cycle: Unique Parts Working Together for the Greater Good of the Hospital.
Tuning up your revenue cycle isn't as complicated as you may think.
Clinical Information Systems
Straight Talk: New approaches in Healthcare
Trends in IT Spending Among Hospitals
This year's Modern Healthcare/PricewaterhouseCoopers IT Survey included responses from 394 hospital CEOs and CFOs revealing how IT spending patterns are changing.
HealthCast Tactics: A Blueprint for the Future
This report suggests tactics for the healthcare industry to employ over the next three to five years. According to HealthCast Tactics, there are significant gaps between what healthcare executives, policy makers and employers rate as important and what is being implemented performance-based reimbursement, privacy, and clinical excellence. The report draws on a survey of more than 650 top executives of hospital systems, payors, governments, medical supply vendors, physician groups and employers.
HIPAA's Myths, Practical Realities and Opportunities The Work Providers Need to Perform For Standard Transaction and Code Sets
PricewaterhouseCoopers HIPAA Practice leaders dispel some of the popular myths circulating about HIPAA and shed light on the scope and magnitude of the effort providers will need to undertake to achieve even basic compliance with HIPAA's TCS Requirements.
Final Revisions to HIPAA Privacy Rule
HHS published in the Federal Register on August 14, 2002 the final revisions to the HIPAA privacy rule. (67 Fed. Reg. 53182). The final revisions largely track the proposed revisions released by HHS on March 27, 2002. This brief summary largely focuses on group health plan sponsors.
PwC's Consolidated and Redlined HIPAA Administrative Simplification Rules Guide to the Complete HIPAA Administrative Simplification Regulations (as of 8/14/02)
PwC created the Guide as a reference source for those who must interpret the HIPAA Administrative Simplification regulations. It covers Parts 160 through 164 of Title 45 of the Code of Federal Regulations.
PricewaterhouseCoopers' Guide to the HIPAA Privacy Regulations
PricewaterhouseCoopers (PwC) is pleased to provide this Guide to the HIPAA Privacy Regulations to its clients and the healthcare industry. Developed by the HIPAA privacy specialists in its Healthcare Advisory practice, The Guide provides significantly greater detail and usefulness than "highlights" documents that began appearing shortly after release of the final regulations. We anticipate that the document will serve you as a reference resource during assessment, planning and implementation work relating to the HIPAA privacy regulations. In preparing The Guide, we have kept the document concise by summarizing the significant elements of the new regulations and the implications for healthcare organizations, rather than creating an annotated version of the entire regulation.
Physician Practice Turnaround in an Integrated Delivery System
Straight Talk: New approaches in Healthcare
The Risks of Non-Compliance -- PricewaterhouseCoopers HIPAA Services Group Identifies the Significant Costs Associated with a Failure to Comply with the HIPAA Regulations.
Cost estimates for HIPAA remediation are so significant that a few industry players are raising the question of whether it might be less costly to choose not to comply and simply incur the penalties for non-compliance as a cost of doing business. A fair comparison of the costs of compliance versus non-compliance requires that all of the potential costs and ramifications of non-compliance be considered.
HealthCast 2010: Smaller World, Bigger Expectations
Our survey group included a mix of policy makers, health system executives, employers, physicians, insurers and medical supply vendors. In addition, PwC practice leaders interviewed more than 50 thought leaders from seven countries at length about future trends and their implications for the industry's stakeholders.
