How Value-Based Purchasing Improves Quality and Lowers Costs
نویسنده
چکیده
Deli ver in g va lue : How Value-Based Purchasing Improves Quality and Lowers Costs Changing from paying for health care services based on volume to paying for health care based on value has long been a major goal for leading private health care purchasers and is becoming a spotlight issue for smaller purchasers. Resistance from providers, who largely benefit from being paid based on volume, has been a historical barrier to such reform.
منابع مشابه
Management Insights
There have been heated debates on the controversial role of healthcare Group Purchasing Organizations (GPOs) which negotiate contracts with vendor on the behalf of healthcare providers. These GPOs cover their costs by charging manufacturers ‘‘Contract Admi nistrative Fees,’’ instead of being reimbursed by the providers. This causes conflicts of interests. Therefore, purchasing through GPOs migh...
متن کاملTechnological Advances, Consumer Transaction Costs, and Consumer Welfare
Consumers incur many transaction costs in purchasing and using most products. This paper examines the effects of a reduction in such consumer transaction costs caused by market-level technological advances. Using a model in which consumers are simultaneously heterogenous in their transaction costs and in their marginal valuation of product quality, we highlight two mechanisms that can cause suc...
متن کاملThe Adoption of Total Cost of Ownership for Sourcing Decisions – A Structural Equations Analysis
This study investigates the adoption of total cost of ownership (TCO) analysis to improve sourcing decisions. TCO can be seen as an application of activity based costing (ABC) that quantifies the costs that are involved in acquiring and using purchased goods or services. TCO supports purchasing decision-makers in focusing on total value received and not simply price, and it extends ABC concepts...
متن کاملHow can we enhance the value of laboratory tests?
Today, the pressures on the healthcare systems for the controlling of the costs are extreme and all sectors try to demonstrate the value of their services by justifying the activities and expenditures so the value can be describe in terms like quality, efficiency, effectiveness, patient satisfaction, cost effectiveness .The value of the lab testing is generally directed to their costs and the c...
متن کاملThe Medicare Physician Quality Reporting Initiative : Perceived Costs and Return on Investment Influencing Participation Melinda
The US health care industry is widely held view that it is failing in its ability to provide, safe, high quality care for its citizens. Escalating financial costs and regional variability in the provision of care have prompted a change in tactics for public health care administered by CMS (Centers for Medicare and Medicaid) to a "Value-based purchasing" strategy. The Physician Quality Reporting...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
عنوان ژورنال:
دوره شماره
صفحات -
تاریخ انتشار 2012