HealthLeaders-InterStudy, a leading provider of healthcare market intelligence, reports that Tampa's multiyear building boom continues with more than $1 billion in healthcare construction projects in the pipeline. According to the new report entitled Tampa Market Overview, the area is gaining access to leading-edge technologies and increasing patient access to high-profit medical services.
"With new high-end services and equipment hitting the Tampa market, hospitals are expected to push aggressively for higher reimbursements in provider contracts to help cover the costs associated with cutting-edge medical care," states Margaret Dick, HealthLeaders-InterStudy senior market analyst and author of the report. "Expect to see significant push back from health plans."
One health plan has already begun to push back. The report also finds that UnitedHealthcare, which has a nationwide reputation for aggressive contracting, is one local market player that is playing contract hardball with several Tampa hospitals. In October 2006 UnitedHealthcare dropped H. Lee Moffitt Cancer Center & Research Institute from its Medicare network, and in December 2006, it also dropped for-profit Brooksville Regional and Spring Hill Regional hospitals after several months of unproductive contract renewal negotiations.
"Other payors may follow United's lead. With steadily increasing healthcare costs, there appears to be an emerging weariness among health plans that could signal an inclination to walk away from unattractive reimbursement contracts," continued Ms. Dick.
Other news in the Tampa healthcare market: -- The hospital construction is expected to increase demand for specialist physicians in cardiology, cancer care and neurosurgery, which are in short-supply throughout the state. -- The Tampa Bay Health Care Collaborative and its "I Can Help Now Campaign" is matching volunteer healthcare professionals with four free clinics in Hillsborough and Pinellas counties in an effort provide necessary medical care to the local uninsured population. -- Quality and pay-for-performance initiatives are beginning to have a stronger presence in the market with programs from Aetna, CIGNA and Blue Cross Blue Shield of Florida having recently launched. About Market Overviews
Market Overviews provide a detailed analysis of local healthcare markets, allowing healthcare businesses to plan their local strategies.
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