Climate Of Value-Based Care
Climate Of Value-Based Care
Hospitals around the world are under increasing pressure to improve outcomes – whether because they are operating in a fee-for-performance or value-based care environment, or simply because today’s increasingly informed patients are deliberately pursuing treatment at facilities with a reputation for superior care. Climate Of Value-Based Care
Whatever your hospital’s remuneration model may be, good treatment outcomes are essential to your success. And besides, delivering the best possible outcomes is ultimately the whole point of being a healthcare provider. So let’s take a look at possible ways to get there. Climate Of Value-Based Care
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The Challenge:
Improving care can be expensive. Failure to improve it may be even more expensive.
Due to increasing cost pressures in the healthcare sector, established remuneration models for healthcare services are in transition around the world. Fees for performance and value-based systems are increasingly replacing fees for service. Major players – including Medicare and Medicaid in the United States, the National Health Service in the U.K., the National Health Care Institute in the Netherlands, and several leading European university hospitals – have all taken significant strides in this direction.1 In Germany, the proposed Hospital Restructuring Act aims for a stronger correlation between remuneration and quality of treatment. Furthermore, in newly industrialized countries, where patients pay a large share of the treatment costs out of their own pockets, the quality of treatment plays a decisive role in choosing a hospital (in addition to price and access to care). Climate Of Value-Based Care
In short, whether they are operating in a climate of value-based care or not, hospital managers around the world face the challenge of improving patients’ overall outcomes – and doing so cost-effectively. This white paper explores seven strategies that are essential for achieving better, more effective patient care.Ways To Improve Patient Outcomes Assignment Paper
Possible Solutions:
1. Promote more well-informed diagnoses
Every successful treatment, and path to a positive patient outcome, begins with a correct and timely diagnosis. Usually, when a patient goes to see a doctor, the first few minutes determine the subsequent treatment steps – directly influencing the success of the treatment and its cost. This makes it all the more important to have a quick and reliable decision-making process for diagnosis. Otherwise, there is risk of an unsuccessful or incorrect treatment, services being performed that are not billable, and avoidable readmissions. Climate Of Value-Based Care
However, diagnosis itself can be a particularly complex challenge. There is potential for human error, as well as errors arising from the system itself. Doctors can make cognitive errors, for example, by fixating on a specific diagnosis too quickly and ignoring or misinterpreting contradictory data and information for too long. The larger healthcare system may also contribute to diagnostic errors through the loss of information, delays, or misunderstandings when forwarding information – both within a hospital and to external facilities providing subsequent treatment. Climate Of Value-Based Care