Tuesday, December 28, 2021
Suicide for hospitals to disengage from Philhealth?
Looking forward to the future of business
This post is thankful that there more hospitals thanks largely for the efforts of doctors to put up their hospitals and there are various aggressive groups like the ACE group. This is heartening and a welcome development. Part of this growth is generous financing from govt banks like Landbank and DBP. And this is fueled by support from UHC and Philhealth. We can see huge reimbursements from Philhealth (and horrors large arrears too due to red tape. This was not solved by resignation of former President of Philhealth)
At the Macro level, the biggest source of funds for health care are still the Household, followed by Local Govt and then govt agencies like SSS. At the Micro market level, the growth of revenues of many hospitals are from insurance and Philhealth. In strategies of hospital we evaluated, we recommended that the Philhealth dept of hospitals be beefed up and representation with Philhealth be increased.
We will not know the outcome of the PHAPI holiday with Philhealth:
1. Do not fight City Hall;
2. The external analysis always mentions PESTEL (Political and Legal)
3. It it is a Doctors Hospital, many patients will not look kindly on the doctors who swear by the Hippocrates oath
We learned though that the Hospitals did not push through with this plan to boycott Philhealth
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