Mayo Clinic CEO: Overhaul Medicare payment system

The Mayo Clinic is urging Congress to overhaul Medicare's payment system, proposing a repeal of the sustainable growth rate (SGR) formula and the creation of payment models that reward high-quality, efficient care, the Rochester, Minn.-based system announced yesterday. "We need to create new, negotiated payment models that tie reimbursement to patient-centered care and quality outcomes along the spectrum of care," Mayo Clinic president and CEO John Noseworthy, M.D., said in written testimony to the Senate Finance Committee, which is holding a hearing today on healthcare quality. To keep Medicare sustainable, Mayo also called for a one- to three-year transitional update payment schedule at no less than the Consumer Price Index. Announcement

Suggested Articles

Most healthcare organizations are lagging in awareness and preparedness for compliance with proposed interoperability rules, according to a survey.

Blue Cross and Blue Shield of North Carolina and Cambia Health Solutions have jointly decided to end their talks to enter a "strategic affiliation."

California health officials have released their first report on the price hikes drug companies sought to shield.