U.S. hospitals appear to be undergoing yet another in a series of transformations, according to a new report by the San Antonio-based healthcare consulting firm, Frost & Sullivan.
In the 128-page report, “The Transformation of the American Hospital: 2015-2020,” the authors describe the rapid evolution of hospitals since the passage of the Affordable Care Act in 2010 and its impact on the payment, quality and delivery of services.
Projecting through 2020, Patrick Riley, a senior healthcare analyst at Frost & Sullivan, said services will continue to migrate outside of hospital doors and predicted hospitals will increasingly contract more with retail clinics and physicians to capture a large portion of that business line. Riley, who co-authored the report with Senior Research Analyst Tanvir Jaikishen and Frost & Sullivan Vice President Siddharth Saha, said, as a former hospital executive, he was surprised to learn how well U.S. hospitals were performing financially in light of the reimbursement, regulatory and competitive challenges facing them in recent years.
Read Full Article »