The Revised International Edition the Handbook of Healthcare Value How Private and Public Employers Can Manage Healthcare Costs |
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| Author:
| Mohlenbrock, Bill |
| ISBN: | 979-8-8153-1529-7 |
| Publication Date: | May 2022 |
| Publisher: | Independently Published
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| Book Format: | Paperback |
| List Price: | USD $19.95 |
Book Description:
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Medical Value Solution (MVS) is a product of Alliance Care Technologies Inc. that defines Healthcare Value Value-based healthcare delivery is universally needed but has yet to be implemented for the inpatient sector, where the most significant resources are expended. High-quality and cost-efficient bases of care delivery are critical to restoring the patient-physician relationship and integrity of international healthcare systems. The enumerated problems are real, and the...
More Description Medical Value Solution (MVS) is a product of Alliance Care Technologies Inc. that defines Healthcare Value
Value-based healthcare delivery is universally needed but has yet to be implemented for the inpatient sector, where the most significant resources are expended. High-quality and cost-efficient bases of care delivery are critical to restoring the patient-physician relationship and integrity of international healthcare systems. The enumerated problems are real, and the solutions are readily available using the Medical Value Solutions' (MVS) technologies and process improvement techniques. The future can be oriented toward a healthcare system in which technology facilitates patients' clear understanding of their health status and the objective measures of quality and price that precisely define medical care.
The scarcity of reliable and interpretable medical information is at the center of our society's healthcare cost and quality problems. Unlike other industries, healthcare lacks the objective measures that define the quality of its products and services. Consequently, third-party entities erroneously assume that all providers are equal and therefore "manage" care by directing patients to unfamiliar providers solely based on the perceived lowest price. However, in medicine, as in all other industries, the price has no meaning without a measure of quality for the product or service being delivered.
Distrust among employers, aggravated clinicians, alienated patients, and chaos in the system are the unintended consequences of price-based healthcare contracting. Price-based contracting has created a bizarre triad of 1. Excessive profits for insurance and managed care companies that do not deliver care; 2. Declining or insufficient funding for providers who are trained and dedicated to delivering quality care; and 3. Diminishing access, coverage, and services for patients who need care.
The solution for an effective healthcare system must be founded on fully informed patients and rational incentives where public and private purchasers contract for services on established measures of quality and price. When purchasers and patients have reliable information that can knowledgeably select and reward providers who demonstrate superior performance, effective and efficient healthcare will be the norm.
Due to modern computing technology, objective quality measurement is no longer a "soft" medical science. Large inpatient data sets have been used to develop statistical algorithms with which physicians utilize their clinical data to reduce variations and improve medical and financial outcomes. These outcomes are the basis of medical value, and ACT's Medical Value Solution is described in the Handbook and is ready to deliver.