To Keep Up with Market Retail Competition, Rural Hospitals Must Innovate
Emerging technology and telehealth services have accelerated new market competition, and large corporations are taking advantage of these opportunities. As retail-based options continue to disrupt the market, rural hospitals must develop a clear health strategy and follow through on post-pandemic priorities to meet the evolving needs of their communities and stay relevant in this changing landscape.
For CAHs to compete, they will have to move away from the current fee-for-service payment system and work toward a population-based payment system. With this, hospitals will receive payment on a per capita basis and must determine how to care for a specific population within their service area.
This transition may prove to be challenging and to help navigate this, we developed the Transition Framework comprised of five key initiatives:
Connect with Stroudwater to get expert help developing a strategy around your hospital’s top priorities.
Stroudwater Associates had a designated team of experts that will guide rural and critical access hospitals as they move to a population-based payment system and will position provider organizations to succeed in both the current, transitional environment and the coming one.
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