Opinion: Solving academic medical centers’ existential crisis
Hospitals and health care systems across the United States have long been expected to provide patients with high-quality, cutting-edge care and outcomes — while staying cost-effective. Their shared mission is to continue to improve the care they provide their patients; their shared responsibility is to do so without increasing costs by shifting from fee-for-service to value-based care.
Many negative trends that were happening before Covid-19 emerged, however, have escalated to a breaking point due to record inflation rates, workforce shortages and labor costs, drug costs, and reduced reimbursements.
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