Weekly News Scan: How Quality Fits into Value-Based Care, Battling Bias, 25% of Healthcare Spending Attributed to Waste

This week in the news, we take a look at how quality fits into value-based care, unconscious cultural attitudes, and how wasteful spending causing healthcare costs to rise.

We hope you enjoy!

How Quality Fits into Value-Based Care, Organizational Improvement, Health Payer Intelligence, October 8, 2019

Value-based care reimbursement strategies represent a shift from the quantity of services delivered to the quality of those services. According to the Agency for Healthcare Research and Quality (AHRQ), there are six domains of quality – safe, effective, timely, efficient, equitable, and patient-centered. Many value-based care contracts will include a requirement that quality measures must be met prior to any shared savings payout. Read this article to learn about the six domains of quality and why patients must remain at the heart of every population health strategy.

Battling Bias’s Distorted Images, PT in Motion, October Issue

Unconscious bias—also known as implicit bias—is something that something that can be acknowledged and managed to minimize its impact on relationships. The article delves into how you can uncover implicit biases through self-tests, and what to do after they’re identified. PTs interviewed give insight on how physical therapy education programs can respond to the challenges of implicit bias and provide practical tips on making behavior changes.

25% of Total Healthcare Spending Attributed to Waste, Study Finds, RevCycle Intelligence, October 8, 2019

Regardless of initiatives to reduce spending and promote value over volume, a new study from Humana and the University of Pittsburgh School of Medicine showed that the US healthcare system still wasted between $760 billion to $935 billion. This is approximately one-quarter of total healthcare spending.
Why? Researchers deduced that fragmentation contributes significantly to administrative complexity and wasteful healthcare spending. Value-based care models can help resolve a lack of coordination across the system. Read the full article to learn more.

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