Emphasis is on outpatient services, partnerships, population health, new revenue and fiscal discipline
By JULIE MINDA
The U.S. health care system's rapid evolution is compelling providers across the nation to quickly transform their operating model, from one that is hospital-centric and driven by fee-for-service payment to one that is value-based and puts greater emphasis on outpatient services, wellness promotion and disease prevention. Leading providers are at work now to build new streams of revenue to help pay for it all.
Dr. Rod Hochman, president and chief executive of the Renton, Wash.-based Providence St. Joseph Health, says his seven-state system is committed to leading the transformation of health care and sharing its learnings with others about how best to accomplish the change. "We see that as part of our obligation," he says.