Question.2544 - 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:
Three xxxxxxxxxx systems xxxxx were xxxxx accounting xxxxxxx for xxxxxxxxxx the xxxx of xxx patient xxxx in xxx three xxxxx cases xxx first xxx the xxxxxxxx average xxx day-based xxxxxx The xxxxxx was xxx speciality-based xxxxxx and xxxxx one xxx the xxxxxxxxxxxxx system xxxxx have xxxxxxxxx costing xxx therefore xxx cost xx treatment xxxxxx when xxxxx three xxxxxxx are xxxx for xxxxxxxxx patient x requirement xxxxx For xxx patient xxxxxxxxx from xxxxxxxxxxxx the xxxxxxxxx costs xxxxx the xxxxx systems xxx given xx follows xxxxxxx bed xxxxxxxxx system- xxx number xx average xxx days xx Therefore xxx treatment xxxx comes xxx to xx x xxxxxxxxxxxxxxxx system xxxxx this xxx patient xx treated xxxxx the xxxxxxxx of xxxxxxxxxxxxxxxx the xxxx of xxxxxxxxx is x Level-of-care xxxxxxx the xxxxxxx patient xxxxx days xxxx and xxxxxxx units xxxx makes xxx total xxxx as x x x For xxx patient xxxxxxxxx from xxx cardiac xxxxxxxxxxx the xxxxxxxxx costs xxxxx the xxxxx accounting xxxxxxx are xx follows xxxxxxx bed xxxxxxxxx system- xxx number xx average xxx days xx Therefore xxx treatment xxxx comes xxx to xx x xxxxxxxxxxxxxxxx system xxxxx this xxx patient xx treated xxxxx the xxxxxxxx of xxxxxxxxxxxxxxxx the xxxx of xxxxxxxxx is x Level-of-care xxxxxxx the xxxxxxx patient xxxxx days xxxx and xxxxxxx units xxxx makes xxx total xxxx as x x x For xxx patient xxxxxxxxx from xxxxx cancer xxx treatment xxxxx under xxx three xxxxxxxxxx systems xxx given xx follows xxxxxxx bed xxxxxxxxx system- xxx number xx average xxx days xx Therefore xxx treatment xxxx comes xxx to xx x xxxxxxxxxxxxxxxx system xxxxx this xxx patient xx treated xxxxx the xxxxxxxx of xxxxxxxxxxxxxxxx the xxxx of xxxxxxxxx is x Level-of-care xxxxxxx the xxxxxxx patient xxxxx days xxxx and xxxxxxx units xxxx makes xxx total xxxx as x x x The xxxxxxxxxxx in xxxxx accounting xxxxxxx are xxxxxxxxx from xxx differences xx care xxxxx is xxxxxxxx by xxx health xxxx organization xxxxx differences xxxxx as xxxx of xxx departments xxxxxxxx more xxxxxxx and xxxxx speciality xxxxxxx for xxxxxx the xxxxxxxx care xx the xxxxxxxx hence xxx third xxxxxx is xxxxxxxxxx for xxx different xxxxx where xxx costs xxx incurred xxx this xx different xxx the xxxxxxxxx patients xx it xxxxxxxx for xxx speciality xx well xx for xxx number xx bed xxxx which xxxx been xxxx for xxx patient xx the xxxxxx care xxxxxxxxxxxx Best xxxxxx The xxxx system xxxxxxx the xxxxx is xxx level-of-care xxxxxx This xx because xx takes xxxx account xxx hidden xxxxxxx which xxx not xxxxxxxxx in xxx other xxx systems xx takes xxxx account xxx intensity xx the xxxx which xxx been xxxxxxxx to xxx patient xxxxx in xxx health xxxx organization xxxx includes xxx the xxxxxxx which xxx responsible xx ensuring x qualitycare xx the xxxxxxx Therefore xxxx is xxx best xxxxxx which xxx be xxxxxxx by xxx organization xxx charging xxx patient xxx maintaining xxxxxxxxxxxx of xxx services xxxxx had xxxxxxxx to xxx patients xxxxxxxxxx perspective xx using xxxxxxxxxxx The xxx of xxxx information xxxx the xxxxxxxxx sources xxxx enabled xxx management xx assess xxx different xxxxx which xxx incurred xxxxx imparting xxxx to xxx patient xxx instance xxxxx accounting xxx the xxxxxxxxxxxxxxxx system xxx costs xxx based xx the xxxx that xx being xxxxxxxx by xxx different xxxxxxxxxx department xxxxx this xxxxxx the xxxxxxx treatment xxxxx are xxxxx to xxx patient xxxx their xxxxxxxxx health xxxxxxxxx In xxx third xxxxxx the xxxxxxxxxxx about xxx level-of-care xx obtained xxxxx is xxxxxxxxxxx the xxxxxxx units xxxx and xxx days xx the xxxxxx care xxxxxxxxxxxx Therefore xx is xxxxxxxxxxx more xxxxxxxxxxx to xx used xx the xxxxxxxxxxx This xxxxx help xx controlling xxx costs xx treatment xx Julian xxxx more xxxxxxxxxxx from xxx different xxxxx in xxx third xxxxxx would xx able xx assess xxx costs xxxxxxxxxxx Hence xxxx of xxx heads xxx be xxxxxxx improvised xx cut xxxx the xxxxx or xxxx improvement xxx rendering xxxxxxx care xx the xxxxxxx which xxxxx them xxxxx for xxxxx money xxxxxxxxxxxxxx to xx Julian xx is xxxxxxxxxxx that xx Julian xxxx opt xxx the xxxxx accounting xxxxxx This xx because xxxx system xx accounting xxx all xxx charges xxxxx are xxxxxxxx while xxxxxxxxx care xx the xxxxxxx It xx not xxxx using xxx standard xxx days xxxx system xxx it xx also xxxxxxxxxxx the xxxx charges xxx the xxxxxxx units xxxxx are xxxxx to xxx patient xxxx system xx better xxxx the xxxxx two xxxxxxx as xx gives x clear xxxxxxx of xxx total xxxxx which xxx being xxxxxxxx on xxx patient xxxx delivery xxxxxxx Better xxxxxxxxxx practice xxxx helps xxx management xx finding xxx the xxxxxxxxx heads xxxxx the xxxxxxx and xxxxxxx costs xxx incurred xx i xx amp xxxx Hence xxxx gives xxx management xxxx ability xx control xxxxx as xxx the xxxxx of xxxxx are xxxxx their xxxxxxxxxxx Therefore xx is xxxxxxxxxxx that xx Julian xxxx opt xxx the xxxxx system xx that xxx has xxx improved xxxxxxx to xxxxxx the xxxxxxx treatment xxxx of xxx patients xx the xxxxxx care xxxxxxxxxxxx This xxxxx also xxxxx her xx improve xxx quality xx care xx the xxxx can xx kept xxxxx control xxxxxxxx Thus xxx can xxxxxx that xxxxxxx care xx imparted xx the xxxxxxx which xxxxx value xxx their xxxxx and xxxx use xx the xxxxx can xx done xx the xxxxxxx manner xxxxxxxxxxxxxxxxxx D xxxxxxxxxx for xxxxxxx on xxx relationship xxxxxxx accounting xxx quality xxxxxxxxxxx in xxxxxxxxxx BMC xxxxxx Services xxxxxxxx - xx i xx D xxx Roje x Accounting xxxxxx in xxxxxxxx Public xxxxxxxxxx Organizations xx Empirical xxxxxxxx Theoretical xxx Applied xxxxxxxxx Young x W xxxxxxxxxx accountingMore Articles From Management
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