Monday, February 21, 2011

Sign of the health care times

Blake Medical Center's plans to acquire Bradenton-based Pinnacle Medical Group as reported today is a sign of where the health care industry is heading: mergers.

During a Manatee Chamber of Commerce seminar on health care reform in September, local professionals pinpointed the impact the Obama Administration would have on health care. Mergers among hospitals, physician groups and specialized health care providers were among the biggest forthcoming impacts chamber officials discussed.

As Jonathan Fleece, a board-certified health care attorney at Blalock Walters, explained then and again to me Friday, health care reform is going to make claim reimbursements to the industry more complex.
Claims are currently paid individually to each health care provider involved in a patient's care. Health care reform says bundle those payments and let the businesses in the industry work out who is owed what for patient care services.

Blake Medical Center CEO Daniel Friedrich said health care reform played a part in the merger with Pinnacle and explained the partnership will allow Blake and Pinnacle to focus more on patient care rather than sorting out payment deliveries.

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