2015 Acute Care Market Report
Consumerism. Telehealth. Newly-Insured. These aren’t just buzzwords anymore. They have fast become a part of the healthcare lexicon. In a sea of change, acute care providers as well as suppliers are dealing with a substantial number of new issues. With almost half of all hospitals belonging to highly-integrated health systems, they are facing this evolution together with the physicians, payers, and other providers which make up HIHS.
Driving change from the consumer side are high-deductible health plans, newly-insured young adult workers, and the impact of consumerism or “shopping” for healthcare options. Overall healthcare spending is up as well, growing at a faster pace than the overall economy. These are key topics in 2015, as well as population health initiatives.
With the Affordable Care Act well into implementation, we look at some of the major components of the plan, progress to date, and the effects on providers. We explore Medicare reimbursement based on performance, Value-Based Purchasing benchmarks regarding outcomes, readmission penalties, and the effort to reduce healthcare-acquired infections. We also look at accountable care organizations, another component of the ACA.
GHX SALES DATA
With data from the Global Healthcare Exchange (GHX) Market Intelligence program, we provide statistics on overall growth in acute care sales as well as for top product categories by both dollars and units for the prior calendar year, as reported by distribution, and compare that to previous Market Report numbers. We also highlight key changes, such as the recent dollar growth in the category of electrosurgical, due to the introduction of new products.
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