Cammack Health Releases Tenth Annual Benefits Survey of Hospitals
The Tenth Annual Cammack Health Benefits Survey of Hospitals in the Northeast shows that the effects of the 2018 Cadillac Tax are already being felt.
New York, NY (PRUnderground) August 11th, 2015
The Tenth Annual Cammack Health Benefits Survey of Hospitals in the Northeast shows that the effects of the 2018 Cadillac Tax are already being felt, with average deductibles skewing higher as hospitals take on more risk in exchange for lower fixed costs. With more than half of respondents vulnerable to the tax in 2018 (assuming a 6% trend and no plan changes), hospitals are taking steps to lower the value of their plans.
Mary Clark, Partner at Cammack Health LLC, has this to say: “In the next few year, so-called ‘high plans’ are in danger of elimination – ‘low’ may become the new ‘high.’ It’s likely that FSAs will also not survive the Cadillac Tax – at least, not in their current form.”
Hospitals are using a variety of methods to control costs:
While adoption of wellness incentives seems to have lost momentum in the face of recent EEOC challenges, more health organizations are turning to health management programs such as ACOs and patient-centered medical homes (PHCMs). A small but growing number are using incentives to steer employees towards such programs.
Participation in the Cammack Health Benefits Survey of Hospitals increased by 25% in 2015, expanding for the first time into Massachusetts and Rhode Island, in addition to New York, New Jersey, Delaware, Pennsylvania, and Connecticut.
The survey itself is only available to participants. Health systems in the survey region can request to participate in the 2016 survey at cammackhealth.com/survey; highlights from the 2015 survey are also available for download.
About Cammack Health LLC
With the shift from pay-for-service to pay-for-performance reimbursement, healthcare organizations must fundamentally transform how they deliver care. Success requires real behavioral change—on the part of health system leaders, caregivers, and healthcare consumers. It’s a complex challenge. Where do you start?
Cammack Health has been working with hospitals and health systems to improve their performance and efficiency since long before the term “accountable care” was coined. Our in-depth understanding of the complex dynamics of healthcare delivery, utilization, and reimbursement enables us to provide practical solutions that make a real difference.