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Maximize Value April 20, 2015

In the News: Dr. Marty Makary on Whether Hospital Monopolies Are Good for Healthcare

Dr. Marty Makary – author of “Unaccountable,” a surgeon at Johns Hopkins Hospital, and professor of health policy at the Johns Hopkins Bloomberg School of Public Health – argues in an opinion piece for the Wall Street Journal that a record number of hospital mergers and acquisitions is likely to lead to higher prices. In “The ObamaCare Effect: Hospital Monopolies,” he lays out the threats and opportunities that an active hospital consolidation market presents. An excerpt below:

As a busy surgeon, I have serious concerns about the race to consolidate America’s hospitals because of the risk that very large organizations may govern without valuing the wisdom of their front-line employees. Already many doctors are frustrated by the electronic medical records, strategic planning and hospital processes that they feel have marginalized their medical insights into their own patients.
We can encourage the good work of hospitals to create networks of coordinated care, while at the same time insist that hospitals compete on price and quality outcomes. Achieving this balance in the wake of the Affordable Care Act is critical to ensure that one-fifth of the U.S. economy functions in a competitive and competent market.

Read the full opinion piece here. Above, view Makary speaking on healthcare’s transparency revolution at the 2014 Oliver Wyman Health Innovation Summit.

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