Factors Reducing Spending Growth include:
New readmission penalties take direct aim at waste in the health system, estimated to be as high as 30%. With the penalties set to increase and the public focusing on patient safety, hospitals will act aggressively in 2014 to ensure patients don’t require a return trip. Reduced readmissions help push down medical cost trend.
Margaret Stover, PwC Principal, discusses how access to data empowers physicians to increase quality of care and save costs.