The Healthcare Value Home Run – Becker’s Hospital Review
Written by Steven Scott, President and Chief Executive Officer, PointRight
How do you define value?
This is a difficult question when it comes to healthcare. For many years, value was not really part of the equation. Physicians, hospitals, and other healthcare providers did their best to treat an ailment and they billed for their time and effort, and were paid, often in full and usually by a third party such as a health plan.
The patient, as health policy experts liked to say, had “no skin in the game,” meaning that the cost of care was really irrelevant to the patient, as compensation was simply a transaction between provider and payer.