Our September Health TechNet meeting focused on two weighty subjects: 1) The Effects of Healthcare Reform on Hospitals, and 2) Data Driven Strategies for Reducing Waste, Fraud, and Abuse.
The meeting featured the presentations of Pillsbury's healthcare attorneys, David Main, Douglas Grimm, Melissa Starry and Gerry Hinkley who presented a summary of various issues and concerns facing hospitals as a result of the new reform laws, such as reimbursement changes, modifications in clinical operations, ACOs, transparency, compliance, and privacy.
In addition, Dr. Raymond Fabius, Chief Medical Officer of Thomson Reuters, summarized their second white paper outlining specific ways in which the industry and government can collaborate to eliminate $3.6 trillion in wasteful healthcare spending over the next ten years and maintain healthcare expenditures at the present level of 17 percent of the GDP, based on data and experience they have assembled. These strategies relate to unwarranted use, fraud and abuse, administrative inefficiencies, clinical inefficiencies and errors, lack of care coordination, and preventable conditions.
Further updates on unfolding healthcare developments of interest to the health technology industry were also provided.
The presentations of the speakers were followed by an active discussion among our members.