"The biggest waste that exists in the system is administrative expense related to how payers and providers work together," says one heath system CEO.
In this episode of HL Shorts, UMass Memorial Health president and CEO Eric Dickson shares what changes he would like to see made to the healthcare system to help avoid hospital bankruptcies and closures.
Jay Asser is the CEO editor for HealthLeaders.
KEY TAKEAWAYS
Reform is needed to improve efficiency with processes like prior authorizations, denials, and excessive documentation, which are financially weighing down organizations.