What Factors Push the Costs of Health Care?
A recent study conducted by the Health Financial Management Association (HFMA), Leavitt Partners, McManis Consulting and the Commonwealth Fund looked at whether stronger incentives for value-based payment models and increased competition are effective in reducing the nation’s total cost of care. Based on the results of the study, recommendations include:
- Government and commercial payers should continue to move toward models that increase financial incentives to manage the total cost of care.
- The benefits of competition and benefits of integration should be balanced.
- More transparent sharing of information on health care cost and quality should be shared among stakeholders. Read more.