The $3.6 trillion US Healthcare, considered as an economy, would be the fifth largest in the world. It is imperative that costs be lowered but even the Affordable Care Act (ACA) did not make care affordable. Here are two of the many reasons why this happened. First, instead of reducing healthcare costs first and later increase enrollment, the Federal Government, at the urging of insurers, reversed the order of implementation.
Once the insurers enjoyed federal subsidies to boost enrollment, they were loath to reduce costs. Second, ACA invested $25 billion in fancy new initiatives to lower costs - value-based insurance, shared savings, evidence-based medicine and comparative effectiveness - but without any performance guarantees.
Once the insurers enjoyed federal subsidies to boost enrollment, they were loath to reduce costs. Second, ACA invested $25 billion in fancy new initiatives to lower costs - value-based insurance, shared savings, evidence-based medicine and comparative effectiveness - but without any performance guarantees.
Services
Physmark has been providing software for healthcare for over three decades. Its Medicomp software introduced in 1986 was the first software for the management of Independent Physician Associations that accepted capitated monthly payments for delivery of care. PayerSoft was the next iteration of software for Integrated delivery systems (IDS).
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