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Expanding coverage: How primary care physicians are accommodating the newly insured

May 21, 2015 Comments off

Expanding coverage: How primary care physicians are accommodating the newly insured
Source: Deloitte

Are there enough physicians in the US to accommodate the millions of newly insured patients? If not, how will the health care system manage its growing (and aging) patient population?

The Deloitte Center for Health Solutions 2014 Survey of US Physicians shows that 44 percent of physicians are treating more newly insured patients – an important finding for health care stakeholders and decision makers. More primary care physicians (PCPs) (56 percent) experienced an increase in the number of newly insured patients than did surgical specialists (40 percent), non-surgical specialists (38 percent), and other physicians (33 percent). Survey respondents report that this is causing longer appointment wait times and driving PCPs to work longer hours. To cope, some PCPs are adding new physicians and hiring clinical staff to help with care coordination.

Expanding coverage: How primary care physicians are accommodating the newly insured

May 14, 2015 Comments off

Expanding coverage: How primary care physicians are accommodating the newly insured
Source: Deloitte

Are there enough physicians in the US to accommodate the millions of newly insured patients? If not, how will the health care system manage its growing (and aging) patient population?

The Deloitte Center for Health Solutions 2014 Survey of US Physicians shows that 44 percent of physicians are treating more newly insured patients – an important finding for health care stakeholders and decision makers. More primary care physicians (PCPs) (56 percent) experienced an increase in the number of newly insured patients than did surgical specialists (40 percent), non-surgical specialists (38 percent), and other physicians (33 percent). Survey respondents report that this is causing longer appointment wait times and driving PCPs to work longer hours. To cope, some PCPs are adding new physicians and hiring clinical staff to help with care coordination.

How does this compare with the Massachusetts experience with coverage expansion? What impacts will expansion of health care coverage to the newly insured have at national and state levels? What effect will it have on the role of the US safety net system and hospital emergency departments? How will growth in the insured population affect mid-level providers and retail health and urgent care clinics?

Physicians are already experiencing increased demand from a larger patient population. Adapting to that demand is one of the next challenges, not only for physicians, but for many health care stakeholders and decision makers. States and other policy makers may want to consider policy solutions to alleviate physician pressure, including increasing Medicaid primary care service reimbursement rates, sponsoring patient-centered medical homes (PCMH), advancing scope-of-practice standards, and reducing barriers to technology adoption. While physicians will continue to play a critical role in the US health care system, they will likely need to adapt to ever-growing patient numbers and demands. And, they should adapt quickly and prepare to weather the storm. Physician practices should consider redesigning care delivery models, developing new relationships, using data and analytics, and improving patient engagement.

Compensation Committee Guide

May 7, 2015 Comments off

Compensation Committee Guide
Source: Deloitte

Given the continuing focus by shareholders and directors on the role of compensation committees and corporations’ compensation programs, this guide provides information on:

  • Composition and meetings;
  • Charters;
  • Roles and responsibilities; and
  • Legal standards and regulations that govern compensation committees and their members.
  • Detailed guidance is also provided around many other topics to promote compensation committee effectiveness.

Posted with permission from Wachtell, Lipton, Rosen & Katz. Copyright 2015.

The future of the global power sector: Preparing for emerging opportunities and threats

April 14, 2015 Comments off

The future of the global power sector: Preparing for emerging opportunities and threats
Source: Deloitte

Power companies need to modify their management models to adapt to shifting realities, including price reductions that are leading to narrower margins, improvements in the quality of supply, demand for new services, a sharper focus on environmental protection, new technologies that modify traditional business scope by focusing on the technical management of assets, and many more.

Global Human Capital Trends 2015; Leading in the new world of work

April 14, 2015 Comments off

Global Human Capital Trends 2015; Leading in the new world of work
Source: Deloitte

Global organizations today navigate a “new world of work”—one that requires a dramatic change in strategies for leadership, talent, and human resources. More than 3,300 organizations from 106 countries contributed to Deloitte’s Global Human Capital Trends 2015 survey, assessing the importance of specific talent challenges and their readiness to meet them.

This report explores 10 major trends that emerged from our research, which reflects four major themes for 2015: leading, engaging, reinventing, and reimagining. We present the capability gaps associated with each of these trends and offer practical insights to help you address these challenges in your organization. We also outline six key findings and invite you to interact with the Human Capital Trends Dashboard to explore the trends by geography, industry, and company size.

2015 Global Aerospace & Defense Outlook: Growth for commercial aerospace; defense decline continues

April 13, 2015 Comments off

2015 Global Aerospace & Defense Outlook: Growth for commercial aerospace; defense decline continues
Source: Deloitte

Revenue and earnings growth in the commercial aerospace sector is expected to be a bright spot and driving force behind the global aerospace and defense (A&D) industry performance in 2015. While the rate of growth for the overall industry has been slowing over the last two years as a result of declines in defense sector spending, the commercial aerospace sector is likely to enjoy close to an 8 percent growth rate according to the Deloitte Touche Tohmatsu Limited (Deloitte Global) Manufacturing Industry group 2015 Global aerospace and defense industry outlook.

The commercial aerospace sector is expected to set new records for aircraft production in 2015. The accelerated replacement cycle of obsolete aircraft with next generation fuel-efficient aircraft, and growing passenger travel demand, especially in the Middle East and the Asia-Pacific region are key drivers behind this trend.

Global revenues in the defense sector will likely continue to decrease in 2015 at an estimated 1.3 percent. Yet, defense spending is increasing in several areas of the globe, especially in the United Arab Emirates (UAE), Saudi Arabia, India, South Korea, Japan, China, and Russia, as these countries equip their militaries with modern defense platforms and technologies. The report noted that escalating tensions between nations and damaging cyber-attacks may have an impact on future spending in the sector.

Over the next few years, the defense sector will be challenged in two major ways: how to grow profitably in a declining market and what actions are necessary to cut costs to maintain acceptable financial performance. Successful defense companies are addressing these challenges by branching out into adjacent markets, focusing on foreign military sales, and investing in next generation product development in cyber security, defense electronics, precision strike, unmanned systems, and advanced analytics.

Changing course on boardroom composition

April 9, 2015 Comments off

Changing course on boardroom composition
Source: Deloitte

Transforming the board to embrace diversity of experience, thought, voice, and generation may require significant effort for many organizations. However, companies that undertake the process today, may realize the value of more dynamic boardroom discussions, a clearer understanding of the changes underway in their business environments, and of how to plan and capitalize on them to create shareholder value.

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