The author of the post, Wesley Curry, MD, said the cooperation and coordination of different hospital departments will be similar to 18th century economist Adam Smith’s definition of “perfect competition.”
“In the theory of ‘perfect competition,’ there is no market entity powerful enough to set a price, just as in the acute-care continuum participants work in a collaborative setting without a singular, powerful entity setting the complete cycle of patient care,” according to the article.
More Articles on CEP America:
Scribes Take on Bigger Roles in Emergency Departments
How Can Hospitals Engage Clinicians in Value-Based Purchasing?
4 Hospitals Named as CEP America’s 2012 Site Award Winners
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
