Best argument I’ve seen for the creation of internal, embedded innovation centers to promote design-thinking as a culture in health systems. Insourcing Health Care Innovation — NEJM. Many health care profession- als find it irritating when management gurus recommend solving health care’s problems with approaches they would “copy and paste” from unrelated industries … …Health care is not… Read more →
Cleveland Clinic CEO Delos Cosgrove, M.D. opined last year: “Healthcare is a low-margin economic activity. Almost a quarter of American hospitals are already losing money. With that number bound to increase in coming years, we already know what to expect because we’ve seen it before in the airline, supermarket, phone and electronics businesses. There will be a wave of mergers… Read more →
ticking skyrocketing up.
Consumers feeling like economy is rebounding and finally seeking elective care?
— Nick Dawson (@nickdawson) April 30, 2014
We need to stop confusing charges with costs. If we want to affect what we pay for healthcare, relative to value, we need to talk about costs. If we are talking about consumers’ ability to price compare, average reimbursement is more relevant. Charges are made up numbers.
CMS is touting this:
But are charges the right thing to focus on?
What each provider gets paid, their reimbursement, may be more relevant to most healthcare consumers. As a country, concerned about healthcare’s rising costs and its total percent of GDP, perhaps we should be asking providers to get clear and open about true costs.
This New York Times site can determine your home town based on 25 questions. Wouldn’t it be cool if we applied the same algorithms to determining health conditions? What if 25 questions could reasonably predict someone’s risk for serious illness? Read more →