Hospitals need to find more sophisticated approaches to this new era of consumerism and transparency. To understand the bankruptcy of their current strategy, think of it this way. Imagine that movie studio heads formed a committee and wrote a report denouncing all the film reviewers.
It's time we applied such common sense to healthcare spending, and a much-discussed new book does just that: Cracking Health Costs: How to Cut Your Company's Costs and Provide Employees Better Care, by Tom Emerick and Al Lewis.
Thirty-two health systems in the United States are designated by the federal government as "Pioneer ACOs." Yesterday CMS, the agency that runs Medicare and Medicaid, announced that several of them are quitting as pioneers.