Blog Weekly News Scan: Is our healthcare spending worth it?, How to have cost-of-care conversations with patients By Taylor Goldsmith, 05.24.19 FacebookTwitterLinkedin This week in the news, we look at a New York Times article discussing pros and cons of healthcare spending in the U.S., how to develop shared decision-making techniques in your practice and strategies to having effective cost-of-care conversations with patients. We hope you enjoy! Strategies for effective cost-of-care conversations with patients, RevCycle Intelligence, May 22, 2019 A new analysis from the Kaiser Family Foundation found that 85 percent of covered workers now have a deductible compared to only 59 percent ten years prior. With this rise, patients are spending more and more out of pocket, making effective cost-of-care conversations a crucial skill that providers need to learn in order to successfully treat patients. Check out this article for four ways to have effective cost-of-care conversations with patients as patient financial responsibility continues to grow. Is our healthcare spending worth it?, NY Times, May 20, 2019 It’s well known that the U.S. out spends many developed countries when it comes to healthcare but many are asking, is the spending worth it? While we have seen 7.5 years of gained life expectancy between 1950 and the 1990s, only about 40 percent of that can be attributed to healthcare. Now, scientists are wondering where to direct dollars to improve life expectancy – is it better spent towards healthcare or towards promoting lifestyle changes like diet and exercise? At the end of the day, the big question remains, “how much does an extra dollar spent on healthcare buy us today?” Learn more in this New York Times article. Patient satisfaction hinges on shared decision-making, communication, Patient Engagement HIT, May 23, 2019 In a recent survey of 500 patients, 97 percent of respondents said they value shared-decision making when it comes to creating a partnership with their providers. What does this mean? In short, this is the key to improving patient satisfaction. Plus, as consumerism continues to influence healthcare, shared-decision making is how patients will feel integrated as part of their own care team. It’s also ultimately how providers can deliver on value-based care goals. Don’t miss this article to learn how to develop shared decision-making techniques in your practice. Want even more? Subscribe to our blog digest to get our news scan delivered to your inbox every week. Sign up today.