For U.S. healthcare payers, 2014 will be one of the most significant years in history.
Make no bones about it, this is a mammoth industry: the ranks of the healthcare payers comprise more than 350 companies, with combined revenues of $500 billion and combined IT spending of $13 billion annually. In addition to Public behemoths such as Medicaid, Medicare, TRICARE and the Veterans Health Administration these businesses range from state-wide organizations, such as some of the Blue Cross and Blue Shield companies, to multistate companies, such as Aetna and Cigna.
What are the pressures? The healthcare reform outcome is unknown. From the HITECH Act with its potentially devastating fines for data breaches, state-based health exchanges to the healthcare coding standards reform and ICD-10, market forces are pressuring healthcare payers at unprecedented levels.
Costs will continue to rise and healthcare payers will be forced into huge new business and technology spending.
However, there is reason for optimism. CIOs will have a major role to play in transitioning their companies safely through the most sweeping changes in their industry's history... And innovations in technology are multiplying just as fast as the challenges - creating new opportunities for payers to streamline operations, save money, improve patient data quality, improve business stability, ensure regulatory compliance and identify new growth opportunities.
In response, solution providers are also shifting technology delivery strategies, refining their product offerings and business, acquisition, and partnership models are all being tailored to meet this rapidly expanding market.
The NG Healthcare Payers Summit will bring together senior decision makers from across the U.S. healthcare payers industry to focus on the latest IT solutions available to them, and identify the strategies some are employing to comply with this newest wave of mandates in the reforming healthcare payer market.
The NG Healthcare Payers Summit will bring together senior decision makers from across the healthcare payers industry to meet with international solution providers who are actively looking to target this exciting growth market.
The unique end-user driven program will provide in-depth coverage of key emerging business trends and discuss the technologies that are driving emerging health reform business objectives and impacting payer IT portfolios and investment.
Feedback from Delegates at our 2012 event in Arizona.
The Fairmont Newport Beach, California / 7th - 9th November 2012