Innovation forum urges healthcare providers to make value top priority

Healthcare leaders must focus on value to overcome concerns that healthcare costs outweigh quality, researchers from Harvard University's Forum on Healthcare Innovation conclude in a new report (.pdf), "5 Imperatives: Addressing Healthcare's Innovation Challenge."

Is a profitable hospital company "profitable because they've figured out how to offer high quality care at low cost … (or) because they've figured out that specific types of procedures tend to be reimbursed very well by insurance companies, and they've set themselves up to do a lot of those particular procedures?" Robert S. Huckman, forum steering committee member, asks in a Harvard-produced article describing the findings.

The five imperatives are:

  • Making value the central objective
  • Promoting novel approaches to process improvement
  • Making consumerism really work
  • Decentralizing approaches to problem solving
  • Integrating new approaches into established organization

The five imperatives will serve as a baseline for future Forum on Healthcare Innovation research and recommendations, according to the article.

A recent study published in the Journal of the American Medical Association found that the United States ranks last among Britain, Canada, Germany, Netherlands, Australia and New Zealand for improving healthcare outcomes, despite higher healthcare spending.

The study looked at measures of health outcomes including death rates, diminished function and quality of life.

"Despite a level of health expenditures that would have seemed unthinkable a generation ago, the health of the U.S. population has improved only gradually and has fallen behind the pace of progress in many other wealthy nations," the Institute of Medicine's Harvey V. Fineberg, M.D., Ph.D., wrote in an accompanying editorial.

For more:
-download the Harvard report (.pdf)
-read the article
-here's the JAMA study

Related Articles:
Competition drives hospital heart service add-ons
Healthcare spending, price growth all but stop
UnitedHealth allocates $50B for quality-based providers
US lags behind wealthy nations on improving health outcomes

 

 

 
 

Suggested Articles

The profit margins and management of Community Health Group raise questions about oversight of managed care insurers.

Financial experts are warning practices about the pitfalls of promoting medical credit cards to their patients.

A proposed rule issued by HHS on Tuesday would expand short-term coverage, a move Seema Verma said will have "virtually no impact" on ACA premiums.