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Cradle to Grave - The Impact of Family on the Business, Development of a Family Business Objectives Statement (AKA Family Business Mission Statement)
Affordable Care Act and Its Impact on Business
This article provides an overview of some of the key provisions of the Patient Protection and Affordable Care Act. It also discusses the reaction of the private sector to those provisions. This article will address the present challenges that face the healthcare system in the United States, the ways in which the Patient Protection and Affordable Care Act (“ACA”) attempts to address those challenges and the way that the public sector is reacting to the changes in the payment model. The payment emphasis in ACA on compensation for quality and the importance of primary care is a different approach than the traditional fee for service environment and is causing changes in the ways healthcare is delivered and the manner in which practitioners are compensated. This payment model has caused a reassessment of the business of healthcare and the structures that are necessary to accomplish the highest levels of payment under the new reimbursement models.