Question.2533 - Video and Article Summary: Is the Future of US Health Care to be Found in Value-Based Healthcare? 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 xxxxxxxxxxxx this xxxxx the xxxxxxxxxxx healthcare xx explored xxxx approach xxx many xxxxxxxx which xxx be xxxx for xxxxxxx the xxxxxxx healthcare xxxxxx related xx quality xxx cost xxxxx are xxxxxxx disadvantages xxx which xxx also xxxxxxxxx in xxxx essay xxxxxxxxxxx healthcare xx a xxxxxxxx model xx which xxx healthcare xxxxxxxxx like xxx physicians xxx the xxxxxxxxx are xxxx on xxx basis xx the xxxxxxx s xxxxxx outcomes xx per xxx value-based xxxx agreements xxx healthcare xxxxxxxxx are xxxxxxxx for xxxxxx care xx the xxxxxxxx improving xxxxxx status xxx reducing xxx effect xx well xx incidences xx the xxxxxxx diseases xxx therefore xxxxxxx them xx live xxxxxxxxx lives xx an xxxxxxxxxxxxxx manner xxxxxxxxxxx healthcare xxxxxxxx is xxxxxxxx to xxxxx many xxxxxx in xxxxxxxxxx Tsevat xxx Moriates xxx healthcare xxxxx which xx repeatedly xxxxxxxxxxx is xxx rising xxxx of xxxxxxxxxx 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 xxx 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 xxxxxxxxxx and xxxxxxx reducing xxx risk xx getting xxxx services xxx suppliers xxx also xxxxxxxxx as xxxxxxx to xxx traditional xxxxxxxx and xxxx align xxxxx prices xx per xxx patient xxxxxx outcomes xxx last xxxxx issue xxxxx it xx designed xx solve xx that xx lets xxx society xxxxxx healthier xxx reduce xxx power xx the xxxxxxxxxx providers xx charging xxx prices xxxx want xxxxxx Redondo xx al xxx above xxxxxx shows xxx benefits xx using xxxxxxxxxxx approach xx the xxxxxxxxxx industry xx has xxxxxxxx for xxx the xxxxxxxxxxxx The xxxxxxxxxx of xxxxxxxxxxx approach xx also xxxxxxxxxxx by xxxxxxxxxxx like xxxxxx Michael xxxxxx suggested xxxx the xxxxxxxxxxx healthcare xx meant xx restructure xxx healthcare xxxxxxx Nilsson xx al xx gives xxxx value xx the xxxxxxxx and xx has xxxxxxxx on xxxxxx the xxxxxxxxx the xxxxx maker xxxxxxx of xxx price xxxxx The xxxxxxx healthcare xxxxxxx is xxxx the xxxxxxxx fail xx getting xxx health xxxxxxx which xxxx want xxxxxxx spending xxxx of xxxxx Therefore xxxx this xxxxxxxx the xxxxxxxx receive xxxxxxx care xxx the xxxxxx being xxxx by xxxx This xxxxxxxx helps xx improving xxx experiences xx the xxxxxxxx and xxxxxx the xxxxxxxxxx providers xx reduce xxx cost xx the xxxxxxxxxx There xxx undoubtedly xxxxxxxx in xxxxxxxx this xxxxxxxx in xxx healthcare xxxxxxxx system xxx it xxxxx to xxxxxxxxxxx shift xx the xxxxxxxxxx systems xxx processes xxxxx needs xx be xxxx by xxx healthcare xxxxxxxxxxxxx Therefore xxxx becomes x major xxxxxxxxxxx for xxxxxxx benefits xxxx this xxxxxxxx There xx a xxxxxxxxxxx shift xxxxxxxx in xxx value-basedhealthcare xx promotes xxx restructuring xx the xxxxxxxxxx systems xxx processes xxxxxx the xxxxx The xxxxxxxxxxx shift xx that xx lets xxx healthcare xxxxxxxxx organize xxxxx care xxx improving xxx health xxxxxxxx for xxx patients xxx at xxx same xxxx control xxx healthcare xxxxx This xxxxxxxxxxx of xxx healthcare xxxxxxxx systems xx meant xx create xxxxx for xxx patients xx also xxxxxx the xxxxxxxxxxxxx to xxxxxxxx their xxxx delivery xxxxxxx so xxxx a xxxxxxxxx of xxxx is xxxxxxxxxx This xxxxx the xxxxxxx in xxxxxxxx all xxx necessary xxxxxxx procedures xxx services xxxxxxx appropriate xxxxxx and xxxxxxxxxxxx The xxxxxxxxxxx healthcare xx effective xxx the xxxxxxxx and xxx the xxxxxxxxxxxxx This xxxxxxxx has xxxxxxx the xxxxxxxx to xxx the xxxxx for xxx prices xxxx by xxxx It xxx also xxxx by xxxxxxx their xxxxxx outcomes xx gaining xxx healthcare xxxx the xxxxxxxxx It xxx allowed xxx healthcare xxxxxxxxxxxxx to xxxxxxxx their xxxxxxxxxx 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 healthcare xxx achieved xxx objective xx giving xxxxx to xxx patients xx they xxxxxxx quality xxxx from xxx providers xx the xxxxxx paid xx them xx has xxxx helped xxx healthcare 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 xxxxxxx the xxxxxxxx of xxxx approach xxx its xxxxxxxxxxxxx in xxxxxxxxxx the xxxxxxx s xxxxx and xxxxxxxxx organizational xxxxxxxx there xxx certain xxxxxxxxx too xxx business xxxx against xxx value-based xxxxxxxxxx has xxxx explored xx the xxxx Bricker xxxxx highlights xxx disadvantages xx noted xxxx the xxxxxxxxxxx healthcare xx indeed xxxxxxxxxx for xxx patientsas xxxx are xxxxxxxxx to xxxxxx the xxxxx maker xxxxxxx of xxx price xxxxx His xxxxxxxx case xxx on xxx efficient xxx droppers xxx multi-use xxxxxxxxxxxx vials xxxxx businesses xxxx shown xx incur xxxxxx by xxxxxxxxx this xxxxxxxxxx approach xxx healthcare xxxxxxxxxxxxx suffer xxxx losses xx redesigning xxxxx healthcare xxxxxxxx process xx concluded xxxx the xxxxxxxxxxx healthcare 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 healthcare xxxxxxxxxx Bricker xxxxx Therefore xx suggested xxxx the xxxxxxxxxxxxx must xxx go xxx this xxxxxxxx as xx the xxxx run xx extracts xxx value xxxx them xx the xxxxxxx scenario xxx healthcare xxxxxx is xxxxxxxxxxxx the xxxxx of xxxxxx healthcare xxxx The xxxxxxxxxxx approach xx designed xx solve xxxx problem xxx major xxxxx which xxx healthcare xxxxxx is xxxxxx is xxxx of xxx rising xxxxxxxxxx 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 The xxxxx setting xxxxx is xxxxx to xxx healthcare xxxxxxxxx and xxxxx they xxx able xx increase xxx prices xxxx deprives xxx patients xx getting xxx care xxxx want xxxxx to xxx high xxxxxx This xxxxxxxx also xxxxxxxxx the xxxxxx of xxxxxxx and xxxxx patient-satisfaction xxxxx Therefore xxxx approach xxxx allow xxx patients xx give xxx payment xxxx when xxxx receive xxx health xxxxxxxx desired xx them xx allows xxxx to xxxxxxx quality xxxx and xxxxxx satisfied xxxx the xxxxxxxx Thus xx is xxxxxxxxx that xxx value-based xxxxxxxxxx is x good xxxxxxxx for xxx healthcare xxxxxxx issues xxx quality xxxxxx the xxxxx Hence xxx healthcare xxxxxxxxxxxxx must xxxxxxxxx this xxxxxxxx for xxxxxxxx their xxxxxxxx cost xxx therefore xxxxxxx benefits xxxx the xxxxxxxxx patient xxxxxxxxxxxx level xxxxx the xxxxxxxxxx organization xxxx implement xxxx approach xxx receiving xxxxxxxx and xxx giving xxxxx to xxx patients xxxxxxxxxxxxxxxxx E xxxxx Value-Based xxxx Business xxxx AGAINST xx Available xx https xxx youtube xxx watch x ewxkgd xxxxxxxxxx K x the x Andersson x E xxx Sandoff x Value-based xxxxxxxxxx as x trigger xxx improvement xxxxxxxxxxx Leadership xx Health xxxxxxxx Nilsson x B xxx F xxxxxxxxx A x amp xxxxxxx M xxx need xx succeed xxxxxxxx experiences xxxxxxxxx from xxx implementation xx value-based xxxxxxxxxx Leadership xx Health xxxxxxxx Putera x Redefining xxxxxx implication xxx value-based xxxxxxxxxx reform xxxxxx Redondo x Ribeiro x Machado xxxxx M x amp xxx alves x R xxxxxxxx view xx patients xxxx melanoma xx the xxxx how xxx health xxxxxxx create xxxxx and xxxxxxx better xxxxxxxx outcomes xxxxxxxxxxxxxxxxxxxxx Tsevat x amp xxxxxxxx C xxxxxxxxxxx healthcare xxxxx cost-effectiveness xxxxxxxx Annals xx internal xxxxxxxx -More Articles From Management
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