Jack O'Brien is the finance editor at HealthLeaders, a Simplify Compliance brand.
Three healthcare stakeholders spoke with HealthLeaders about the changes to Stark Law and what the impact will be on provider organizations.
In addition to the outlook projection, the ratings agency stated that the "recession-resistant nature of demand" will help credit issuers maintain financial flexibility next year.
The research indicated that the findings were "consistent across all studies," adding that the pharmaceutical-physician association caused doctors to prescribe differently.
Hospitals and health systems are interested in how President-elect Biden will handle the ongoing coronavirus crisis, healthcare policy reform, and several regulatory items.
The final rule on Stark Law has an effective date 60 days following publication in the Federal Register.
The announcement came the same day that the administration released the interim final rule for the "Most Favored Nation Model."
Additionally, just over 60% of CFOs view the work from home model as a significant priority for the foreseeable future.
In the absence of a silver bullet to fix short and long-term obstacles, hospitals and health systems must remain open-minded about what strategies will help them maintain financial solvency.
Fitch stated that a divided government lessens the likelihood for "transformative change" that would hamper the credit profiles of both payers and providers.
The decline was due in part to improvements in home health, including a $5.9 billion decrease in estimated improper payments from FY 2016 to FY 2020.