Beyond that, only 64% are somewhat familiar with this key legislative component to healthcare reform
WEYMOUTH, Mass.--(BUSINESS WIRE)-- According to the 2011 Patient Protection and Affordable Care Act (PPACA) Scalable Solution Study, conducted by Beacon Partners, only one in four respondents are “very familiar” with the statute, with 64% being only “somewhat familiar.”
Signed into law in March of 2010, PPACA is a key component of the Federal Government’s 2010 Healthcare Reform and primarily focuses on private insurance.
More than 250 U.S. healthcare executives comprised primarily of C-Suite executives, including CIOs, CNOs, CMOs, CMIOs, CEOs, CFOs and COOs, participated in the study that was conducted in order to gauge their knowledge and planning levels around PPACA.
“The findings of our study support the notion that healthcare executives are concerned with government mandates and healthcare reform implications, but it is still surprising that more are not further along in the planning process for PPACA,” explains Kevin Burchill, Director, Beacon Partners. “The fact is that healthcare organizations need to make these fundamental changes in order to reach compliance in a timely manner.”
Other findings from the study:
- The CEO (43%) is the primary person responsible for developing the organization’s PPACA strategic plan; followed by the CFO (17%); the COO (13%) and the CIO (10%);
- While only 28% of respondents are “operational” in their PPACA planning process, the majority of respondents (48%) are “under development,” and 17% are still in the “pre-planning” process;
- Respondents show optimism for certain components of PPACA, including “clinical quality reporting” (55%), interoperable IT systems (50%) and continuum-of-care transitions (68%);
- Over 45% of respondent organizations have not yet created a PPACA-compliance department or oversight group;
- Approximately 14% of respondents have plans to hire new employees, while 33% plan to reallocate existing personnel to handle PPACA responsibilities;
- 37% of respondents are still unsure of the impact PPACA will have on an organization’s Net Patient Service Revenue;
- Less than 40% of respondents believe PPACA will have a positive effect on patient outcomes, and below 30% believe it will bring organizational improvements.
To download the executive summary, please visit this link.
Mr. Burchill is available for further insight and analysis.
About Beacon Partners
As one of the largest healthcare management consulting firms, Beacon Partners is chosen by organizations in the healthcare community to provide advisory services to improve overall operational, clinical and financial performance with the adoption of information technology. With their strategic approach and depth of experience, Beacon Partners is uniquely qualified to help organizations navigate the challenges in healthcare and optimize their potential to deliver the highest possible level of patient care. Beacon Partners’ ARRA advisory services help organizations develop a roadmap that will lead to “meaningful user” status and maximize available incentives. For more information, please visit http://www.beaconpartners.com
Tracy Hartman, 978-462-0002 x103
KEYWORDS: United States North America Massachusetts
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