Poscript: May 2023 - part two
- Introduction: Host Rick Gannotta and producer Joe discuss their commitment to provide regular updates on the latest trends and news in healthcare.
- Healthcare sector in the markets:
- Q1 2023 saw a pullback in private equity investment in healthcare, possibly due to the post-COVID shakeout.
- The sector had previously been flush with cash with some less-than-realistic initiatives.
- The collapse of Silicon Valley Bank and the resulting complications for accessing capital for smaller firms also contributed to this downturn.
- Positives and negatives of the current state:
- Positives: Continued strong investment in models of care, especially with a future focus on Medicare Advantage.
- Increasing role of artificial intelligence (AI) in healthcare, including its impact on platforms and backend operations.
- Promising advancements in the field of mental health, especially in the telehealth space.
- Negatives: The Federal Trade Commission (FTC) scrutinizing valuation dynamics and investment ownership, regulatory considerations, and potential market instability.
- Impact of the Debt Ceiling Crisis on healthcare:
- Partisan politics causing potential disruptions and creating uncertainty in the healthcare sector.
- While not directly impacting care delivery, the crisis is affecting strategic decisions, planning, and capital investments.
- Public insurance programs like Medicare, Medicaid, and others accounted for 42.5% of national health expenditures in 2021. If the debt ceiling is breached, this figure could temporarily decrease.
- Affordable Care Act (ACA) ruling:
- Recent federal appeals panel decision paused the lower court ruling regarding preventative care under the ACA.
- If upheld, it would lead to out-of-pocket charges for preventative care services, potentially causing financial burden for individuals and the risk of them foregoing preventative care.
- The Backlash from hospital groups regarding site-neutral payments:
- Hospital outpatient clinics, part of a hospital's infrastructure, would be disadvantaged due to site-neutral payments.
- Hospital groups are lobbying against the proposal due to the high operational costs of maintaining a hospital infrastructure compared to independent clinics.
- AI in Healthcare:
- AI gaining momentum in healthcare, as demonstrated in the previous episode with Dr. Michael Ivan.
- Importance of understanding regulatory guardrails and budgeting for AI implementation in healthcare.
- Notable initiatives include the executive branch's blueprint for a healthcare AI Bill of Rights.
For more in-depth discussions, tune into the Healthcare Nation podcast.
Creators and Guests
Host
Rick Gannotta
Health sector executive clinician educator & researcher, RTs/links 🚫 not endorsements, TEDX; https://t.co/51mnBxpPqv @NYUWagner
Producer
Joe Woolworth
Owner of Podcast Cary, the Studio Cary, and Relevant Media Solutions in Cary, NC Your friendly neighborhood creative.