Determining the Costs of Healthcare
Aug 14, 2014 1:00 PM
By now, many of you know our mantra: We have to know the cost of healthcare in order to improve the value we deliver.
After presenting at an Academy Health (AH) conference sponsored by the Robert Wood Johnson Foundation (RWJF) I had the pleasure of speaking with Andrea Ducas, program officer with RWJF. As part of their extended series creating a Culture of Health to allow Americans to live a long and healthy life, Andrea and I had the opportunity to discuss our Value-Driven Outcomes, or VDO, tool, how it was developed and how we have put it to use to create value in our healthcare delivery. Through initiatives like this, our institution is contributing greatly to a national solution to the health care crisis confronting us all.
An excerpt from the article and our conversation are here:
Exactly How Much DOES That Appendectomy Cost? by Andrea Ducas
Want to know one of health care’s dirty little secrets? While we know how much the country spends on care each year, we have little understanding of what it actually costs to provide care.
Think, for example, about an appendectomy. What does it really “cost” the health care system to perform that procedure? The answer is complex, and of course it includes everyone’s time—from the surgeon to housekeeping staff—and it also includes the drugs, equipment, space, and overhead associated with your stay.comments powered by Disqus