Tag Archives: value-based care

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 »

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 »

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 »

The Challenges with the “Not-Invented-Here Syndrome” in Healthcare

As we continue to enhance our care models and desire to deliver on value-based care, exactly how we embrace external disciplines in our pursuit of success is crucial. Often called the “Not-Invented-Here Syndrome,” (NIHS) is a situation where a profession only looks for solutions within the context of their own area of expertise. This condition plagues medicine, limits… Read More »

Recent NY Times Op Ed Has Me Thinking About Exploitation in Healthcare

Last week my post, In Healthcare, Who Protects Us from Misinformation,  I discussed the use of “sensationalism” to garner attention. I also mentioned as healthcare providers it is part of our role to join the conversation to ensure balanced and truthful information is shared. Recently an Op Ed appeared in the New York Times with a catchy title;… Read More »

The Tipping Point of Value-Based Care

If one studies the life span of a company, progression occurs in many stages. Once a business has reached a level of “maturity,” its survival depends on its ability to innovate and adapt. Regarding value-based care and payment models, healthcare experiences a similar metamorphosis. Fee for service has been the prevailing payment model, and the consumer historically remained… Read More »

Is AI the Next Major Innovation in Healthcare?

With the evolution of technology and innovation surrounding artificial intelligence (AI), it is essential to step back and dissect the nuances of how best to implement this emerging frontier in Health care. AI attempts to mimic human intelligence through iterative, complex pattern recognition and matching based on input data at a speed and scale that exceeds the human… Read More »