Quality-of-Care and Cost-of-Care can be a nexus rather than a paradox. Understand how and why to place a financial context around each, with meaningful use, to achieve clinical and financial goals without a negative impact on Quality-of-Care.
By Jay Reddy
A new solution can help a hospital bring physicians into greater alignment with an organizational strategy to develop an accountable care organization, thereby contributing to the viability and profitability of the strategy.
Hospital systems that achieve quality as a strategic competency in their transformation journey, can position themselves to achieve quality nirvana - the ability to prioritize quality improvement (QI) programs and process improvements according to those that will have the greatest impact on Triple Aim (cost, outcomes, patient satisfaction) and hospital financial performance.
The Evolution of Physician Group from Patient-Centric Medical Home to Accountable Health to Serve the Changing Needs of Self-Insured Employers
To lower health costs, physician networks and medical homes must employ a closed loop population management program that focus on patient SOH stratification, chronic disease management, care coordination and incentive management. This approach will enable them to consistently reduce ER and inpatient admissions, which are the greatest expenditures in healthcare today.