Post by arfankj4 on Mar 7, 2024 3:39:45 GMT
Along with integrated practice units and payment bundling the value based health care plan includes measuring health outcomes of every patient determining the actual costs of patient care integrating medical systems expanding the geographic reach of providers and building an information technology platform that supports value based care. None of it comes easy due to deep seated convoluted systems already in place. “WE DON T KNOW WHAT IT REALLY COSTS TO CARE FOR ANY INDIVIDUAL PATIENT Take measuring costs for instance.
Feeley can state confidently that cancer is the most expensive disease to treat. Cancer patients and survivors account for about . percent of the US population and about percent of the nation s health care expenditures. He s aware that percent of uninsured patients and percent Poland Mobile Number List of insured patients—spend most of their life savings toward trying to save their lives. But he can t tell you the true cost of individual patient care throughout most of his hospital s history. We don t know what it really costs to care for any individual patient Feeley says. Most of the costing systems are based on the charges and in health care there s been so much cost shifting. People end up paying for a single aspirin to cover the costs of things that aren t reimbursed.
Cost measuring progress is slow but steady. In addition to the bundled payment pilot MD Anderson is one of many hospitals testing a process called time driven activity based costing TDABC which is meant to marry cost measuring with value based care. S. Kaplan the Marvin Bower Professor of Leadership Development Emeritus at HBS. It essentially involves two basic measures the resources needed to perform an activity and the time it takes to perform it. Feeley Kaplan and a team at UnitedHealthcare are using TDABC to track the costs for the bundled payment pilot.
Feeley can state confidently that cancer is the most expensive disease to treat. Cancer patients and survivors account for about . percent of the US population and about percent of the nation s health care expenditures. He s aware that percent of uninsured patients and percent Poland Mobile Number List of insured patients—spend most of their life savings toward trying to save their lives. But he can t tell you the true cost of individual patient care throughout most of his hospital s history. We don t know what it really costs to care for any individual patient Feeley says. Most of the costing systems are based on the charges and in health care there s been so much cost shifting. People end up paying for a single aspirin to cover the costs of things that aren t reimbursed.
Cost measuring progress is slow but steady. In addition to the bundled payment pilot MD Anderson is one of many hospitals testing a process called time driven activity based costing TDABC which is meant to marry cost measuring with value based care. S. Kaplan the Marvin Bower Professor of Leadership Development Emeritus at HBS. It essentially involves two basic measures the resources needed to perform an activity and the time it takes to perform it. Feeley Kaplan and a team at UnitedHealthcare are using TDABC to track the costs for the bundled payment pilot.