Question.2496 - Based on the videos and articles in the resources section, prepare a 3 to 4-page memo that answers the following question: What is value-based healthcare? What issues in healthcare is it designed to solve? Why does Michael Porter think it's the solution to current healthcare problems? In the two videos provided by CMS, what is the fundamental shift involved in value-based healthcare? Again, using the videos described in question 4, has value-based healthcare been effective and achieved its objectives? Now watch the following short video by Eric Bricker and described what the business case against value-based is. https://www.youtube.com/watch?v=ewXKGd48rDg What do you think value-based is a good solution to current healthcare pricing issues?
Answer Below:
Value-based xxxxxx careValue-based xxxxxx care xx a xxxxxxxx model xx which xxx health xxxx providers xxxx the xxxxxxxxxx and xxx hospitals xxx given xxxxxxxxxxxx based xx the xxxxxxx s xxxxxx outcomes xx per xxx value-based xxxx agreements xxx health xxxx providers xxx rewarded xxx giving xxxx to xxx patients xxx hence xxxxxxxx in xxxxxxxxxxx in xxxxx health xxxxxx and xxxxxxxx the xxxxxx as xxxx as xxxxxxxxxx of xxx chronic xxxxxxxx and xxxxxxxxx promote xxxx to xxxx healthier xxxxx in xx evidence-based xxxxxx Value-based xxxxxx care xxxxxxxx is xxxxxxxx to xxxxx many xxxxxx in xxxxxx care xxxxxx amp xxxxxxxx The xxxxxx care xxxxx which xx repeatedly xxxxxxxxxxx is xxx rising xxxx of xxxxxx care xx the xxxx of xxxx Therefore xxxx approach xxxxx the xxxxxxxx in xxxxxxxx less xxxxx for xxxxxxxxx better xxxxxx outcomes xx focusses xx letting xxx patients xxxxxxx from xxxxx illness xxx injuries xxxxxx and xxxxx their xxxxxx to xxx doctors xx reduced xx for xxxxxxxxxx medical xxxxx and xxxxxxx procedures xxx reduced xxxxxxx issue xxxxx it xxxxxx is xxxx it xxxxxxxx the xxxxxxx satisfaction xxxxx as xxxx receive xxx care xxxxx helps xx improving xxxxx health xxxxxx The xxxxxx of xxx services xxx given xxxx power xx controlling xxx cost xx the xxxxxx care xxx thereby xxxxxxxx the xxxx of xxxxxxx poor xxxxxxxx The xxxxxxxxx are xxxx empowered xx opposed xx the xxxxxxxxxxx approach xxx they xxxxx their xxxxxx as xxx the xxxxxxx health xxxxxxxx The xxxx major xxxxx which xx is xxxxxxxx to xxxxx isthat xx lets xxx society xxxxxx healthier xxx reduce xxx power xx the xxxxxx care xxxxxxxxx in xxxxxxxx the xxxxxx they xxxx Source xxxxxxx et xx Michael xxxxxx suggested xxxx the xxxxxxxxxxx health xxxx is xxxxx to xxxxxxxxxxx the xxxxxx care xxxxxxx Nilsson xx al xx is xxxx to xxxx more xxxxx to xxx patients xxx he xxx stressed xx making xxx customers xxx price xxxxx instead xx the xxxxx taker xxxxxxxxx to xxx the xxxxxxx health xxxx problem xx that xxx patients xxxx in xxxxxxx the xxxxxx outcome xxxxx they xxxx despite xxxxxxxx lots xx money xxxxxxxxx with xxxx approach xxx patients xxxxxxx quality xxxx for xxx prices xxxxx paid xx them xxxx approach xxxxx in xxxxxxxxx the xxxxxxxxxxx of xxx patients xxx allows xxx health xxxx providers xx reduce xxx cost xx the xxxxxx care xxxxx is x fundamental xxxxx involved xx the xxxxxxxxxxx health xxxx It xxxxxxxx the xxxxxxxxxxxxx of xxx health xxxx systems xxx processes xxxxxx the xxxxx It xxxxxxxx more xx the xxxx of xxxxxx value xx the xxxxxxxx The xxxxxxxxxxx shift xx that xx lets xxx health xxxxxxxxxxxxx organize xxxxx care xxx improving xxx health xxxxxxxx for xxx patients xxx at xxx same xxxx control xxx health xxxx costs xxxx redesigning xx the xxxxxx care xxxxxxxx systems xx meant xx create xxxxx for xxx end xxxxxxxxx that xxx the xxxxxxxx it xxxxxx the xxxxxxxxxxxxx of xxx health xxxx industry xx redesign xxxxx care xxxxxxxx process xx that x continuum xx care xx maintained xxxx helps xxx patient xx availing xxx the xxxxxxxxx medical xxxxxxxxxx and xxxxxxxx through xxxxxxxxxxx device xxx consultation xxx value-based xxxxxx care xxx been xxxxxxxxx for xxx patients xxx for xxx organizations xxxx approach xxx allowed xxx patients xx get xxx value xxx the xxxxxx paid xx them xx has xxxx made xx improve xxxxx health xxxxxxxx by xxxxxxx the xxxxxx care xxxx the xxxxxxxxx It xxx allowed xxx health xxxx organizations xx redesign xxxxx health xxxx delivery xxxxxxx and xxxxx reduce xxxx This xx done xx the xxxxxxxxx are xxxx only xxxx the xxxxxx of xxx patient xx improved xxx they xxx satisfied xxxx the xxxxxxxx This xxxx the xxxxxxxxx to xxxxxx on xxx quality xx care xxxxx they xxx providing xxx hence xxxx have xx improve xxxxx operational xxxxxxxxxxxx The xxxxxxxxxxx health xxxx has xxxxxxxx its xxxxxxxxx of xxxxxx value xx the xxxxxxxx as xxxx receive xxxxxxx care xxxx the xxxxxxxxx in xxx prices xxxx by xxxx It xxx also xxxxxx the xxxxxx care xxxxxxxxxxxxx to xxxxxxxxxx themselves xxx reduce xx eliminate xxx processes xxxxx are xxxxxxxxxxx and xxxx creating xxxx burden xxxxxx This xxx helped xx enhancing xxx overall xxxxxxxxxxxx of xxx operations xxx hence xxx patient xxxxxxxxxxxx level xxxxxxxxx with xxx improved xxxxxx outcomes xxx business xxxx against xxx value-based xxxxxx care xxx been xxxxxxxx by xxx Eric xxxxxxx He xxxxx that xxx value-based xxxxxx care xx indeed xxxxxxxxxx for xxx patients xx they xxx empowered xx become xxx price xxxxx instead xx the xxxxx taker xxx this xx not xxxxxxxxxx for xxx health xxxx organization xxx business xxxx by xxxxxx the xxxxxxxx of xxx efficient xxx droppers xxx multi-use xxxxxxxxxxxx vials xxx shown xxxx the xxxxxxxxxx run xxxx losses xxxxxxxxxxx this xxxxxx care xxxxxxxx He xxxxxxxxx that xx the xxxxxxx of xxxxxxxx value xxx the xxxxxxxx the xxxxxx care xxxxxxxxxxxxx suffer xxxx losses xx redesigning xxxxx health xxxx delivery xxxxxxx He xxxxxxxxx that xxx value-based xxxxxx care xx good xxx the xxxxxxxx but xx is xxx good xxx the xxxxxxxxx This xxxxxxxx is xxxxxxxxx in xxx value xxxxxxxxxx from xxx companies xxx hence xxxx approach xx not xxxx for xxx health xxxx businesses xxxxxxx March xxxxxxxxx he xxxxxxxxx that xxx health xxxx organizations xxxx not xx for xxxx approach xx in xxx long xxx it xxxxxxxx the xxxxx from xxx organizations xxx major xxxxx which xxx health xxxx sector xx facing xx that xx the xxxxxx health xxxx prices xxx patients xxxx to xxx large xxxx of xxxxx in xxxxxxx cure xxx their xxxxxxx Many xxxxxxxx do xxx get xxxxxx even xxxxx spending xxxx sums xx money xxxxxxx et xx Therefore xxxxx money xx wasted xxx price xxxxxxx power xx given xx the xxxxxx care xxxxxxxxx and xxxxx they xxx able xx increase xxx prices xxx charge xxx price xxxxx they xxxx from xxx patients xxxx deprives xxx patients xx getting xxx care xxxx want xxxxx to xxx high xxxxxx Therefore xxx current xxxxxx care xxxxxxx issues xxx be xxxxxx with xxxx approach xxxx approach xxxx allow xxx patients xx give xxx payment xxxx when xxxx receive xxx health xxxxxxxx desired xx them xxx health xxxx organization xxxxxxxxx are xxxxxxxx to xxxxxx in xxxxxx quality xxxx to xxx patients xxxx helps xx improving xxxxx health xxxxxx and xxxx enhancing xxxxx health xxxxxx Thus xx is xxxxxxxxx that xxx value-based xxxxxx care xx a xxxx solution xxx the xxxxxx care xxxxxxx issues xxxxxx the xxxxx Hence xxx health xxxx organizations xxxx implement xxxx approach xxx reducing xxxxx services xxxx and xxxxxxxxx gaining xxxxxxxx from xxx increased xxxxxxx satisfaction xxxxx This xxxx help xxxx in xxxxxxxxxx more xxxxxxx users xxxxx will xx helpful xxx them xx gaining xxxxxxx from xxxxx delivery xx health xxxx services xxxxx the xxxxxx care xxxxxxxxxxxx must xxxxxxxxx this xxxxxxxx for xxxxxxxxx benefits xxx for xxxxxx value xx the xxxxxxxx ReferencesBricker x March xxxxxxxxxxx Care xxxxxxxx Case xxxxxxx It xxxxxxxxx at xxxxx www xxxxxxx com xxxxx v xxxxxx rDgNilsson x B xxx F xxxxxxxxx A x amp xxxxxxx M xxxxxxxxxxx healthcare xx a xxxxxxx for xxxxxxxxxxx initiatives xxxxxxxxxx in xxxxxx Services xxxxxxx K x the x Andersson x E xxx Sandoff x The xxxx to xxxxxxx learning xxxxxxxxxxx resulting xxxx the xxxxxxxxxxxxxx of xxxxxxxxxxx healthcare xxxxxxxxxx in xxxxxx Services xxxxxx I xxxxxxxxxx health xxxxxxxxxxx for xxxxxxxxxxx healthcare xxxxxx Cureus xxxxxxx P xxxxxxx M xxxxxxx Lopes x B xxx Gon xxxxx F x Holistic xxxx of xxxxxxxx with xxxxxxxx of xxx skin xxx can xxxxxx systems xxxxxx value xxx achieve xxxxxx clinical xxxxxxxx ecancermedicalscience xxxxxx J xxx Moriates x Value-based xxxxxx care xxxxx cost-effectiveness xxxxxxxx Annals xx internal xxxxxxxx -More Articles From Management
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