Dr. Cosgrove noted that the Cleveland Clinic, which operates as a group practice, reduces cost because the system aligns the financial interests of the hospital and its physicians. According to the report, he said that there is no financial motive for physicians at the Clinic to order expensive or unnecessary tests for their patients.
The committee, chaired by Sen. Chris Dodd (D-Conn.), is one of many in Congress working to form healthcare reform legislation.
Read the Plain Dealer’s report about Dr. Cosgrove’s comments before the Senate committee.
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.