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Executive Summary The purpose of this executive summary is to outline the impact of transitioning from a volume to value based healthcare system. More specifically to address the way this modification in reimbursements will impact the operation requirement of the hospital, as well as the ways that this transition can be implemented. It is no secret that the world of healthcare is constantly changing and often times it is at a rapid pace. In recent years everyone has been paying close attention to the changes that the Affordable Care Act has brought to the United States healthcare system, and many are eager to witness its outcome. Although this reform is seeking to reformat the way health care is delivered, there are various issue …show more content…
that exist and one of them is our payment system. According to the article written by Harold Miller entitled “From Volume To Value: Better Ways To Pay For Health Care” states that our “current payment systems encourage volume-driven care, rather than value-driven care. Physicians, hospitals, and other providers gain increased revenues and profits by delivering more services to more people, fueling inflation in health care costs without any corresponding improvement in outcomes”.
Healthcare is now shifting from volume to value based care and insurance carriers are essentially asking health care providers to transition from a volume based care which is known as a fee-for- service reimbursement structure to one that is a value based structure. According to Health Facilities Management," The move from volume- to value-based care has profound implications for those who design, build, and maintain, health care facilities." MCH's value improvement will commence by improving employee and management relations alike, in turn this will reduce turnover, as well as generate a synchronization throughout the organization, right down to patient care. As Shifting from a volume to value based system is beneficial to not only patients but to health care providers and payers as it forces healthcare providers to provide the best possible care at the lowest cost which then allows patients to receive a better quality of care at a better value. Value based care is an approach that is designed centered around a patients. A medical care team is established in order to hone in on what an individual’s needs are whether they are chronic, acute, or even preventative. Patients can benefit from this approach as the …show more content…
team will coordinate their care and utilize technology that connects patients and providers with the information that they need in order to get the right care across the board. How this change in reimbursement methodology impacts operational requirements and how it can be implemented. Any changes in the way that reimbursements are made can range from an increase in prices to improving care, as well as making use of the suggestions outlined within this Executive Summary. However, changes in reimbursement methodology has a direct impacts operational requirements, and changes in methodology can impact any operation in a more positive manner by including the adjustments below. Recommendations and adjustments to operations that may position the organization for success under value-based health care. Adjustment #1 One of the recommendation and adjustments that can be made to operations in order to position the organization for success under the value-based health care is to implement the single occupancy rooms because patients do like their privacy and sometimes sharing a room with another patient they may not feel comfortable especially when they have to discuss sensitive information such as their medical history and other personal things they may not want someone else to hear. This definitely does give Middleborough community Hospital and advantage over its competitors without making any real changes to its staff or incurring any additional expenses and it can be something that is carried out throughout the years rather than at one time. When reading the case study we learn that inpatient hospital admission rates were dropping and the average length of stay was also at a stable condition or has decreased in numbers which means that there is a larger number of hospital rooms which can be configured for single occupancy. This will lead to an increase in patient satisfaction which will aid in the transition from volume to value as patient will be happier with their hospital stays. Also improving other areas of the hospital, like patient waiting areas, having a café, outdoor area where patients can walk trails, and having a variety of activities for patients to do from music or art therapy courses.
This can be a great source for revenue Adjustment # 2 Another recommendation that may position the organization for success under value-based healthcare is requiring doctors and nurses, as well as other healthcare professionals upgrade their knowledge by taking continuing education courses that can be offered through the hospital. In additional in reading the case study we are informed that this hospital founded a school of nursing in 1919 to train area personnel with a three-year diploma school that was one of the largest in the state. So, the classrooms and facilities are already on-site. Continuing Education and new degree programs may be launched as part of the new campus. MHC will be a world leader by informing as well as training medical professionals, while improving lives of the public at large, this will position them to provide world class care that many patients will appreciate. This will be helpful for MCH in the transition from volume to value based care, in addition this will help the area’s community become healthier as a
whole. Area leaders perhaps will take note of all of the innovations and implementations that MCH is undertaking and will be willing to make contributions to continue the success of the hospital.
Hospitals were reimbursed using a fee-for-service standard, sanctioning all insurance companies to pay the same prices for hospital services offered by different providers. Due to removing restrictions on hospital prices, hospitals now negotiate reimbursement rates for each payer, thus, causing a substantially difference in prices among payers.
that staff should be able to adopt a model in the facility that is person centred care.. Jeon
...lthcare system is slowly shifting from volume to value based care for quality purposes. By allowing physicians to receive payments on value over volume, patients receive quality of care and overall healthcare costs are lowered. The patients’ healthcare experience will be measured in terms of quality instead of how many appointments a physician has. Also, Medicare and Medicaid reimbursements are prompting hospitals, physicians and other healthcare organizations to make the value shifts. In response to the evolving healthcare cost, ways to reduce health care cost will be examined. When we lead towards a patient centered system organized around what patients need, everyone has better outcomes. The patient is involved in their healthcare choices and more driven in the health care arena. A value based approach can help significantly in achieving patient-centered care.
In her paper emerging model of quality, June Larrabee discusses quality as a construct that includes beneficence, value, prudence and justice (Larrabee, 1996). She speaks of quality and value as integral issues that are intertwined with mutually beneficial outcomes. Her model investigates how the well-being of individuals are affected by perceptions of how services are delivered, along with the distribution of resources based on the decisions that are made (Larrabee, 1996). She speaks of the industrial model of quality and how the cornerstone ideas of that model (that the customer always knows what is best for themselves) does not fit the healthcare model (Larrabee, 1996). Larrabee introduces the concept that the patient va provider goal incongruence affects the provide (in this case the nurse) from being able to positively affect healthcare outcomes (Larrabee, 1996). The recent introduction of healthcare measures such as HCAHPS: Patients' Perspectives of Care Survey has encouraged the healthcare community to firmly espouse an industrial model of quality. HCAHPS is a survey where patients are asked questions related to their recent hospitalization that identifies satisfaction with case based solely on the individuals’ perception of the care given. This can lead to divergent goals among the healthcare team or which the patient is a member. Larrabee’s model of quality of care model
The healthcare industry, as a whole, has made great strides towards improving access to he...
Healthcare has been a topic of discussion with the majority of the country. Issues with insurance coverage, rising costs, limited options to gain coverage, and the quality of healthcare have become concerns for law makers, healthcare providers and the general public. Some of those concerns were alleviated with the passing of the Affordable Care Act, but new concerns have developed with problems that have occurred in the implementation of the new law. The main concerns of the country are if the Affordable Care Act will be able to overcome the issues that plagued the old healthcare system, the cost of the program, and how will the new law affect the quality of the health delivery system.
The purpose of this paper is to examine the status of health care reform implementation in the state of Ohio. Throughout the paper, I will discuss if the health care reform has been effective as well as name some of the positive and negative outcomes. Furthermore, I will discuss how the health care reform is impacting community health. Discussion on the effect of health care reform on the economics in Ohio will conclude this paper.
Conclusion: All of these initiatives, and also the affordable Care Act as a whole, work toward one overarching goal: creating and keeping folks healthier by providing top quality, cost-efficient services that everybody can access. New models to deliver care - as well as provider groups, nurse-led community health centers, patient-centered medical homes, and responsible Care Organizations. a number of the providers who don't agree with the approach the ACA takes and are vocal regarding the issues within the system and also the ways in which to fix it therefore it will benefit both patients and providers. regardless of wherever we stand on this issue, the present state of affairs of healthcare, both in delivery of services and the way we pay for them, isn't sustainable.
As I began watching Reinventing Healthcare-A Fred Friendly Seminar (2008), I thought to myself, “man, things have changed since 2008.” And as the discussion progressed, I started to become irritated by how little had changed. The issues discussed were far-reaching, and the necessity for urgent change was a repeated theme. And yet, eight years later, health care has made changes, but many of its crucial problems still exist.
A very notable goal is to make healthcare affordable for all Americans and at the same, improving the quality and efficiency in which healthcare is conducted. Many look at this act and notice the key benefits that are provided for all Americans, and are interested to find other improvements that help everyday ...
The balance between quality patient care and medical necessity is a top priority and the main concern of many of the healthcare organizations today. Due to the rising cost of healthcare, there has been a change in the focus of reimbursement strategies that are affecting the delivery of patient care. This shift from a fee-for-service towards a value-based system creates a challenge that has shifted many providers’ focus more directly on their revenue. As a result, organizations are forced to take a hard look at the cost of services they are providing patients and then determining if the services and level of care are appropriate for the prescribed patient care.
Reforming the health care delivery system to progress the quality and value of care is indispensable to addressing the ever-increasing costs, poor quality, and increasing numbers of Americans without health insurance coverage. What is more, reforms should improve access to the right care at the right time in the right setting. They should keep people healthy and prevent common, preventable impediments of illnesses to the greatest extent possible. Thoughtfully assembled reforms would support greater access to health-improving care, in contrast to the current system, which encourages more tests, procedures, and treatments that are either
There are new challenges every year in the health care field. Research on the future of the U.S. Healthcare System is of paramount importance to the entire health care industry as well as the citizens of the U.S. To begin with, the research will discuss how challenges for future healthcare services can be enhanced by reducing the costs of medication. By creating a better quality of health care, Information technology advancements, including future funding, lower rising costs, the Medicare and Medicaid programs. The research will also discuss the challenges of market share for different ages of people populating and maintaining a skilled workplace. It will further discuss the tentative solutions to these challenges.
Among them is its emphasis on productivity. Fee for service encourages the delivery of care and maximizing patient visits. As a payment mechanism, it is relatively flexible in that it can be used regardless of the size or organizational structure of a physician’s practice, the type of care provided such in clinic visit, surgery, therapy session, and the place of service such as physician’s office, nursing home, hospital, surgery center or the geographical location of care. Fee for service does support accountability for patient care, but it is often limited to the scope of the service a particular physician provides at any point in time. Although fee for service is easy to understand conceptually, it can be difficult to understand in practice. Patients may struggle to decipher the coding and nomenclature involved in billing, manage the numerous bills and explanations of benefits they might receive, and understand its application in inpatient settings, especially for lab, radiology, and anesthesia services. Because payment is limited to one provider for one interaction, fee for service does little to encourage management of care across settings and among multiple
...d procedures are now being monitored to improve clinical processes. Ensuring that these processes are implemented in a timely, effective manner can also improve the quality of care given to patients. Management of the processes ensures accountability of the effectiveness of care, which, as mentioned earlier, improves outcomes. Lastly, providing reimbursements based on the quality of care and not the quantity also decreases the “wasting” and overuse of supplies. Providers previously felt the need to do more than necessary to meet a certain quota based on a quantity of supplies or other interventions used. Changing this goal can significantly decrease the cost of care due to using on the supplies necessary to provide effective, high-quality care. I look forward to this implementation of change and hope to see others encouraging an increase in high-quality healthcare.