Healthcare in the United States is awesome and highly accessible if your income or bank account is far above average, or if someone else is paying for it – for example, if you have a so-called “Cadillac” health insurance plan. But as premiums, deductibles, and co-pays rise, top-quality healthcare has become unaffordable for most Americans.
Despite changes to how we pay for healthcare (i.e. the Affordable Care Act and other payment schemes such as Accountable Care Organizations, Value Base Reimbursements, and Bundled Payments), the real costs of providing care remain hidden and unaddressed.
In order to make healthcare affordable, and to make the system more accessible and sustainable, we need to first focus on the costs in the healthcare delivery system itself. Not just how we pay for healthcare.
Until the costs of providing care are brought under control and significantly reduced, it is simply not possible to have an affordable healthcare system for everyone.
This webinar presents how Patient Level Costing can go a long way to reduce the cost of care.
1) Show how modern analytics techniques (combined with data healthcare providers are already capturing) is used to monitor and manage providers' costs of providing care on an encounter-by-encounter, patient-by-patient, and minute-by-minute basis
2) Show how Patient Level Costing can assure that providers are delivering the best services at the lowest possible cost.
3) Discuss why using strategies and programs to reduce the volume of healthcare services will not reduce the aggregate healthcare bill.
4) Examine the objections to detailed Patient Level Costing, and why it does work every time it is tried.
5) Present mini-case studies on providers that use Patient Level Costing and why they will never