55% of Hospitals, Health Systems Think PPACA Will Reduce Revenue

Although the Patient Protection and Affordable Care Act is shrouded in uncertainty, roughly 55 percent of hospitals and health systems believe the healthcare law will lead to a drop in revenue, according to a recent survey from HighRoads and SullivanCotter (pdf).


The survey captured responses from executives at 126 hospitals and health systems on the healthcare law and how their benefit programs will look in the future. Other key findings from the survey include:

•    Seventy percent said they remain fully committed to providing healthcare coverage to employees in the long term, regardless of what happens to the PPACA or its health insurance exchanges.

•    Forty-two percent plan to become an accountable care organization, and 16 percent plan to structure their employee health plan as an ACO-like program.

•    Roughly 98 percent of respondents said they targeted and perceived their benefit programs (e.g., health insurance, retirement contributions, vacation, etc.) to be at or above the median.

•    All respondents offer some type of qualified retirement plan. Sixty-one percent offer both defined benefit and defined contribution plans, while 39 percent have a defined contribution plan only.

More Articles on Hospital Revenue:

Hospital Labs: Money Pits or Profit Centers?

RAC "Take-Backs" Increase, Expected to Escalate More

HCA Expects 14% Growth in 2012's 1Q Revenue

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Webinars

Featured Whitepapers