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AHA Associate Podcast Series | Willis Towers Watson Part 1
Nancy Myers, Vice President, Leadership and System Innovation for the American Hospital Association spoke with David Scheer and Joe Currant, directors in the Health Systems Consulting practice for the Health and Benefits business of Willis Towers Watson. As hospitals and health systems navigate the rebuilding stage of the COVID-19 pandemic and the reimagining stage post-pandemic, adjusting value-based contracts and adequately assessing risk will be key to their success. Fortunately, experts on this subject in the business community like Willis Towers Watson are here to help.
Shared Risk May Be Key to Future Growth Opportunities
COVID-19 has taken a catastrophic financial toll on health care providers, with an estimated $202.6 billion loss between March and June for hospitals alone. This precipitated a sectorwide downgrade by Moody’s and FitchRatings from stable to negative. Innovation within this context may mean more shared-risk opportunities vs. traditional vendorbuyer relationships, notes Andy Shin, chief operating officer for the AHA’s Center for Health Innovation, in a recent blog.