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.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.