PHILADELPHIA, Dec. 19 (UPI) -- Some in politics and media say the Affordable Care Act will fail, but top U.S. healthcare executives say healthcare will improve, a survey says.
Study authors Ralph W. Muller, chief executive officer of the University of Pennsylvania Health System; Dr. Ezekiel J. Emanuel, vice provost for global initiatives at the University of Pennsylvania; Andrew Steinmetz, research assistant to Emanuel; and Dr. Steven M. Altschuler, president and chief executive officer of The Children's Hospital of Philadelphia surveyed 74 senior executives from large hospitals and health systems.
Respondents included 46 CEOs, 17 presidents, four chief financial officers and three chief operating officers. Nearly all worked in large academic medical centers, which on average employed 8,520 workers and had annual revenues of $1.5 billion.
The survey found the executives were optimistic about the ACA helping to reduce costs:
-- 91 percent of the study's respondents forecasted improvements within their own hospital or health system by 2020.
-- 85 percent expected their organization to have reduced its per-patient operating costs by the end of the decade.
-- Overall, the expected average operating cost reduction was 11.7 percent. Fifty-four percent said the savings could be achieved by reducing the number of hospitalizations, 49 percent said savings could be achieved reducing the number of readmissions, and 39 percent said savings would be achieved by reducing the number of emergency room visits.
Monday, December 23, 2013
Healthcare Executives Say Obamacare Will Cut Costs
Even our beloved job creators have succumbed to the evils of socialized health care: