Tag Archives: cost of healthcare

Addressing Societal Health Issues at a Root Cause Level

As we continue to grapple with various disease states like obesity and diabetes, which impact a significant number of people, our ability to change human behaviors is minimal. We continuously design interventions that include education and behavioral modification with limited results. In essence, we appear to be attempting to prevent water from streaming out of the hose by… Read More »

If We Invest in Social Needs, There Can Be a Great Return

Recently, there is a tremendous amount of focus on the value of social interventions and healthcare costs. To be of optimal help to the greater society, it is important for us to thoroughly understand how to investigate the value of such interventions. In the journal, Health Affairs, a recent study by Kangovi et al. investigates the return on… Read More »

When it Comes to Improving Healthcare, Consumers are Accountable Too!

Overall, we focus a considerable amount of time and energy on physician accountability for delivering value to those we serve. However, with consistently increasing costs to the consumer, there is less conversation concerning their responsibility. Currently, there is a societal debate asking what exactly, are the duties of individuals involving their own health and well-being. Undeniably, patients’ behavior… Read More »

Managed Care and Managed Competition Working in Tandem Can Hold Down Costs

As we continue to evaluate the cost of healthcare, two main ideas are gaining traction; managed care and managed competition, both are models designed to enhance value in a market. Defined as patient-centered, managed care coordinates care, thereby providing payment incentives that reward achieving cost, quality, and service measures; thus, offering value-based care, whereas, the managed competition model… Read More »

Will Price Transparency in Healthcare Make Things Better?

United States purchasers of healthcare pay higher prices for a unit of service relative to other countries. In fact, these prices are primarily opaque, and the consumer rarely knows what it will owe for payment before they make a purchase. Market-based economics argue that price transparency of products leads to greater competition, thus leading to lower costs over… Read More »

How Do We Stop Screening When it No Longer Makes Sense?

As healthcare providers, we focus a tremendous amount of activity on screening to prevent illnesses. Whether it is cholesterol checks, mammograms, or colonoscopies, there is a time where the benefit diminishes due to the age or health of an individual. Currently, we are in a situation where screening continues past its efficacy. Therefore, how do we stop? It… Read More »

Can Spending More on Primary Care Help to Reduce Healthcare Costs?

Recently, there has been a tremendous amount of focus and thought surrounding the idea that if patients use primary care more frequently, healthcare costs will improve. The thought is if more time is spent on prevention it will decrease the need for additional expensive interventions over time. Simultaneously, there is also conversations surrounding a shortage of primary care… Read More »

Considering Supply Optimization in Healthcare is Important

What is supply optimization and why is it important to healthcare? If we are to consider supply optimization as the application of processes and tools to ensure the optimal use of said supply, in terms of healthcare, this means offering our patients the most optimal care we can in the most affordable and accessible way. We continue to… Read More »

How do we Reduce Healthcare Spending Waste to Improve the Value of Care?

In today’s healthcare climate, creating more affordable healthcare services and reducing wasteful spending is the utmost priority. Wastefulness accounts for dollars that are not going towards care, meaning they are affecting the unit price of a service without offering a benefit. According to present conversations surrounding healthcare, the nation’s level of waste is 30% of the overall health… Read More »