7-Part Strategy to Increase the Value of Healthcare
NCHC outlines the strategy in a report, "Curbing Costs, Improving Care: The Path to an Affordable Health Care Future." NCHC estimates the long-term policy changes they propose would reduce federal spending by $220.97 billion and generate $276 billion in health-related revenue.
Here is the seven-part strategy to increase the quality of healthcare while reducing costs:
1. Change provider incentives to reward value, not volume.
2. Encourage patient and consumer engagement.
3. Use market competition to increase value.
4. Ensure that the highest-cost patients receive high-value, coordinated care.
5. Bolster the primary care workforce.
6. Reduce errors, fraud and administrative overhead.
7. Invest in prevention and population health.
More Articles on Healthcare Strategy:Mission Health's McDowell Hospital to Develop Long-Range Strategic Plan
Legacy Health in Portland Considers 10-Year Expansion Project
New CEO of Loretto Hospital in Chicago Looks to Expand Physician Relationships
© Copyright ASC COMMUNICATIONS 2015. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
New from Becker's Hospital Review
CEO Roundtable + CFO/CIO Roundtable: FEATURING Toby M. Cosgrove and John D. Doyle