WALTHAM, Mass.–(BUSINESS WIRE)–Feb 22, 2021–
What: Chiquita Brooks-LaSure has been nominated by the Biden administration as the new Centers for Medicare & Medicaid Services (CMS) administrator. She will be facing an array of challenges ranging from the impacts of the COVID-19 pandemic to the future solvency of Medicare, to a wholesale review of dramatic changes in the federal agency.
Why: With the Biden administration implementing sweeping policy changes across the board, the new CMS administrator will be tasked with building a forward-looking agency while addressing a legacy of challenges and pressures. Here are the top four areas demanding attention:
- Imminent threat of Medicare insolvency: In September 2020, the Congressional Budget Office (CBO) issued a worrisome outlook on the solvency of the Hospital Insurance (HI) Trust Fund, which pays for Medicare Part A hospital stays, skilled nursing facilities as well as hospice care. The CBO forecasted the HI fund would become insolvent by 2024, a full two years sooner than originally forecast by an April Medicare Trustees report. Facing economic impacts from the pandemic and increased baby boomer enrollments, the new CMS administrator can help restore longer-term solvency by:
- Targeting addressable high cost care such as sepsis, clostridioides difficile (C.diff) and other healthcare-associated infections (HAI)
- Focusing on digital models for more effective opioid stewardship and clinical surveillance for hospitals
- Accelerating tech to increase value-based reimbursement adoption
- Accelerating CMS innovation and advocacy momentum: CMS has historically been a leader in promoting healthcare data innovation. The new administrator can reinvigorate that charge by:
- Going beyond the information blocking rules and transforming data practices to improve reporting, access, exchange, and use of electronic health information (EHI)
- Supporting artificial intelligence (AI) initiatives that enable large-scale data interoperability and better population health analytics
- Fragmented approaches to health disparities and inequities: The COVID-19 pandemic has shone a glaring spotlight on systemic health inequalities. The new administrator will need to take a cohesive, multi-pronged approach to address the big picture by:
- Applying advanced data science to target social determinants of health (SDoH), especially by unifying and mobilizing vast troves of data collected during the pandemic
- Proactively dismantling work verification requirements for Medicaid that have been burdensome for enrollees and increased the risk of losing healthcare in the near-term during a pandemic
- Applying a population health approach to get patients back in to see their doctors for care that has been postponed by the pandemic
- Daunting implementation of the Biden administration’s American Rescue Plan (ARP): CMS will play a notable role in this wide-reaching $1.9 trillion economic stimulus package. For example, the AARP calls for expanding Medicaid. This will be achieved with incentives for states to expand their Medicaid rolls.
Who: Healthcare industry veteran Frank Jackson, vice president and general manager of Health Language at Wolters Kluwer, Health is available for further comment and discussion on the challenges that lie ahead for the CMS nominee.
Contact: To arrange an interview with Frank Jackson on this or any other healthcare sector-related topics, please contact Ashley Beine at firstname.lastname@example.org.
About Wolters Kluwer
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the clinicians, nurses, accountants, lawyers, and tax, finance, audit, risk, compliance, and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.
Wolters Kluwer reported 2019 annual revenues of €4.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,000 people worldwide. The company is headquartered in the Netherlands.
Wolters Kluwer provides trusted clinical technology and evidence-based solutions that engage clinicians, patients, researchers and students with advanced clinical decision support, learning and research and clinical intelligence. For more information about our solutions, visit https://www.wolterskluwer.com/en/health and follow us on LinkedIn and Twitter @WKHealth.
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View source version on businesswire.com:https://www.businesswire.com/news/home/20210222005268/en/
CONTACT: Ashley Beine
Senior Public Relations and Public Affairs Specialist
KEYWORD: UNITED STATES NORTH AMERICA MASSACHUSETTS
INDUSTRY KEYWORD: INFECTIOUS DISEASES OTHER HEALTH HEALTH WHITE HOUSE/FEDERAL GOVERNMENT PUBLIC POLICY/GOVERNMENT
SOURCE: Wolters Kluwer Health
Copyright Business Wire 2021.
PUB: 02/22/2021 08:25 AM/DISC: 02/22/2021 08:25 AM
Copyright Business Wire 2021.