The Business of Healthcare

People delay seeking healthcare for a wide variety of reasons — based on everything from financial concerns to convenience — but those delays come with a cost. In this post, we try to illustrate the potential savings of resolving payment-related delays in care for a commercially insured population.

The COVID-19 pandemic has taken a severe emotional toll on healthcare workers, exposing them to an extreme amount of anxiety, stress, and burnout. This pandemic will have ripple effects on healthcare workers’ mental health for years to come, making it critical that hospital leaders find ways to support their people.

Nikhil Krishnan, Founder, Out-Of-Pocket

Hospitals and health systems operate at their best when they have deep connections with local employers. But before they can forge these mutually beneficial relationships with employers, hospital and health system leaders must first examine their local markets — including a close look at key industries and their potential market opportunity.

‘Seasonality’ affects healthcare spending annually, with people waiting until after they’ve met their deductibles to get the care they need. Unfortunately, there are consequences to that behavior. When people delay care due to financial concerns, their health outcomes can be worse.

With CMS taking the lead on reinstating the IPO list, insurance companies are under pressure to relax their site of service rules. The result is more procedures in hospital operating rooms for patients with Medicare and commercial insurance.