ipl-logo

The Triple Aim Of Value-Based Care

480 Words2 Pages

Value-based care aligns with the triple aim of health care and initiatives to achieve health equity in many ways. The goal of the triple aim is to improve the individual experience, improve the health of the population, and reduce health care costs. Value-based care aligned with the triple aim of equity has been achieved by incentivizing healthcare providers to improve the patient’s experience. They have attempted to do this by spending more time with patients to accurately diagnose and treat their ailments to improve overall health. Clinicians have also attempted to coordinate care for patients to better address their needs, to give them a higher quality of care, and to improve the overall patient experience. Costs are decreased through this …show more content…

When patients are viewed as customers, there is more information available for them to make better informed decisions which can result in lower cost of care but to what result. An example is within our mental health crisis. We can research the prices for our care and select the best option, but if the interventions we use to treat mental health are not producing favorable outcomes, we are spending more money on ineffective treatment (Drake & Bond, 2021). In addition to considering commercialization and its implications on value-based care, we must consider consumerism. Consumerism can create teamwork between the healthcare provider and patient, synergizing the transition to value-based care. Consumerism promotes accountability of patients to take control of their care. They have more awareness of health care options and have the means through flexible spending accounts to pay for services, and they are held accountable for poor lifestyle practices by paying higher premiums. This creates a natural segue to treating patients as a whole and promotes collaboration between the provider and the patient as seen in a value-based care model (Rangachari,

Show More
Related
1339 Words | 6 Pages

Triple aim initiative is an initiative launched by Institute for Healthcare Improvement (IHI) in October of 2007. The program was designed to help healthcare organizations achieve three healthcare objectives which being, improving the health of the populations served, enhancing the patient experience while reducing the cost of care. Three diverse healthcare organizations with different healthcare delivery models were included in this case study, they are, CareOregon, Genesys health system, QuadMed. The conclusions drawn from this case study would serve as a guide and help other healthcare organizations to implement newer healthcare delivery models while transforming their current models. Triple Aim Process and Background

Read More
1358 Words | 6 Pages

In the film Escape Fire the Fight to Rescue American Healthcare, there were many insightful examples of why our Unites States healthcare revolves around paying more and getting less. The system is designed to treat diseases rather than preventing them and promoting wellness. In our healthcare industry, there are many different contributors that provide and make up our system. These intermediaries include suppliers, manufacturers, consumers, patients, providers, policy and regulations. All these members have a key role in the functionality of the health care industry; however, each role has its positives and negatives.

Read More
556 Words | 3 Pages

In hopes of having a successful health care system, the United States spends the most on health care but the quality of medical treatment and success is inferior to other countries. Although other countries provide health care at a reasonable cost to their citizens, challenges are still prevalent in their system. Challenges arise when medical treatment is provided to all citizens regardless if the patient has the means to pay for their care. From a humanity perspective, health care is a basic human right, but from an economic and business perspective it is impossible to provide care to

Read More
1605 Words | 7 Pages

but it also greatly reduces the administrative and non-medical waste that has no benefits to patients. Pursuit of profit and wealth should not be in a field that is meant to care for others; companies and corporations are maximizing on patients’ misfortunes and are therefore shortchanging the quality of care in order to get the most money. This was warned by Maimonides in 1190 AD when he said “Do not allow thirst for profit, ambition for renown, and admiration to interfere with my profession for these are the enemies of truth and can lead me astray in the great task of attending to the welfare of your creatures” (Nelson, Alan). Despite the fact that a single payer universal healthcare system is not advocated by any current presidential candidate, it is both morally and economically the most sound system.

Read More
889 Words | 4 Pages

Consumerism in the NHS was not equivalent to applying market principles to health care settings, but it was the continuation of the deal of social citizenship upon which the centralized British health care system was founded. One of the new developments was the conduction of surveys seeking patient opinions on the service which revealed that satisfaction was high among patients and they were more grateful for the care received than critical, but this could be, at least partly, due to the uncritical acceptance of doctors’ opinion – an example of remaining passive as a patient. Patients wanted more of a say in relation to their care from the 1960s, and the number of voluntary organisations, especially around health-related issues shoot up around this time ensuring that patients’ voice could be no longer ignored completely. In turn, the profession slowly realised that patient opinions could be used for improving the service, for example, the recurring problem of patients when it came to communication with medical staff could be resolved by doctors being more approachable. The appearance of the patient-consumer reflected the shifts in the relationships between doctors and patients, and among patients and health care providers and policy

Read More
641 Words | 3 Pages

Study have shown that private-for-profit health care cost more, provides lower satisfaction for patients and lower the quality than the not for-profit health care. In Canada’s universal tax-financed Medicare, people with a higher income contribute more to the support of the health

Read More
589 Words | 3 Pages

The health care and public health care system in the United States is fragmented, and the administration of the system is decentralized. As a result, there are many key stakeholders in the system such as doctors, insurance companies, and the government. Each one has its own goals and economic interests, which makes it difficult to have a comprehensive system that achieves all these numerous goals and interests (Patel, K.). Furthermore, there are two different principles in the United States, market justice and social justice, which have an impact on the distribution and production of the healthcare services. Even though, they are contrasting, they are working side by side in the public and private health system.

Read More
464 Words | 2 Pages

The healthcare supplier ought to focus on the most ideal approach to help these people to settle on choices and decision making regarding their care, provide equal services that can be helpful to them and be effectively be obtained by everyone, comprehend the requirements of the service users and meeting their needs. Health promoters need to work with service users and promote choices respecting their decisions that will improve their wellbeing in order to overcome

Read More
714 Words | 3 Pages

Proponents of consumer driven care have argued that “The promise of greater consumer control over their dollars, greater choice of providers, personalized decision support, and the potential to stem Americans' propensity for more care without anonymous parties assessing its costs and benefits…” is an appealing aspect to consider; however, the opposition have a “fear of adverse risk selection and disproportionately greater out-of-pocket costs for those who are sicker or poorer.” (Gauthier and Clancy, 2004) These aspects bring about benefits and limitations of healthcare as a market or social good. A benefit for healthcare as a market good is that “access to medical care can be seen as a reward for personal achievement.” (Shi & Singh 2015:65)

Read More
781 Words | 4 Pages

= w&asid=5a9a947767cc592b4a6a71b2a77d8d56 The evolution of our modern health care systems and the development of a “health economics that applies the tools of microeconomics to individual and societal decisions regarding the allocation and distribution of resources to the production of health and health care services” are discussed in this piece (Health 2008). Gradual shifts toward a supply and demand model for health care

Read More
1551 Words | 7 Pages

As the healthcare landscape continues to shift, medical providers and hospitals are continuously being challenged to develop clear and concise visions and redesign care delivery in ways that will usher proper transitions to value-based care. As value-based healthcare continues to take root, more and more hospitals and providers are finding themselves with little option but to join the movement. However, the jump from previously utilized fee-for-service models to value-based healthcare is not an easy one, and many healthcare organizations are finding it difficult to do so. The greatest challenge lies in successfully making the transition from volume to value-based healthcare in ways that are financially stable. Such inherent difficulties faced by those within the healthcare system are what have necessitated strategic

Read More
522 Words | 3 Pages

patients need protection when it comes to their health care plan and investment. can you imagine how some patients bills are always climbing, half the time they don 't have enough to pay the bill, or

Read More
940 Words | 4 Pages

The projected health care cost trend is unsustainable. Organizations must act now to return their health plan’s sustainability. If 70% of health care costs are due to modifiable behavior (CIGNA), organizations have an obligation to the public to control these costs,

Read More
1581 Words | 7 Pages

Only a few people receive high-quality health care. Most of the time, health care is targeted at specific populations, and not everyone can receive the same care as someone who can afford it. Of course, accessibility, affordability, cost, and quality are essential, but the small details that are extremely important are often missed. Some healthcare companies Look over what truly matters when receiving health care.

Read More
527 Words | 3 Pages

In continuing to discuss the cost of health care and its unsustainability, we must analyze consumer behaviors and dissect the role they play. For many reasons, Healthcare will never be a legitimate market-driven business, nor should it be. However, there are several aspects of a consumer-based market that are applicable. Shared decision making implies that providers and patients (consumers) are partnering together for the best interest of the healthcare recipient. These conversations, containing multiple levels of complexity, require comprehending and understanding the risks and benefits of all treatment options.

Read More

More about The Triple Aim Of Value-Based Care

Open Document