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To Enlist Physicians in Reducing Costs, Show Them the Costs

By Harvard Business Review

University of Utah Health developed a tool to do itRead full story

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  • The fundamental idea here is accountability. Doctors have long been held responsible for providing us the best care possible, no matter what the cost. But now they are going to be accountable for providing the best care also at the best cost. This software and the analysis it allows is going to usher in a previously non-existent sense of competition within the healthcare industry. My question is, what impact is this going to have on the health insurance industry? What about Medicare/Medicaid? Big

    The fundamental idea here is accountability. Doctors have long been held responsible for providing us the best care possible, no matter what the cost. But now they are going to be accountable for providing the best care also at the best cost. This software and the analysis it allows is going to usher in a previously non-existent sense of competition within the healthcare industry. My question is, what impact is this going to have on the health insurance industry? What about Medicare/Medicaid? Big pharma and the medical equipment companies? The reverberations of this are going to reach a political level. I’m of the opinion that a dose of free-market style competitiveness is going to trigger innovation, better products, and better prices for the consumer.

  • I have mixed feelings about this article, as a patient and healthcare provider. As someone who is familiar with the poverty line, it enrages me how expensive treatment is when it is not insured. However, as a medical student, I need my college loans paid. So maybe the problem doesn't start with the health Care system, but the educational system instead. If tuition, room, board, and meal plans weren't so expensive, health care wouldn't be expensive either. Unfortunately, there is a capitalist side

    I have mixed feelings about this article, as a patient and healthcare provider. As someone who is familiar with the poverty line, it enrages me how expensive treatment is when it is not insured. However, as a medical student, I need my college loans paid. So maybe the problem doesn't start with the health Care system, but the educational system instead. If tuition, room, board, and meal plans weren't so expensive, health care wouldn't be expensive either. Unfortunately, there is a capitalist side that exists in health care which I personally wish would seek to exist. It will be taxing but reform is needed.

  • This intelligent piece unintentionally describes one of the most ridiculous absurdities of our healthcare management systems. It not ground breaking or ingenious that doctors may finally be able to come to the table to understand real costs associated with their efforts. It is asinine that it’s taken this long to develop a tool to track real costs of supplies and costs associated with tracking time spent in operating rooms. Every stakeholder in every other business has been doing this since business

    This intelligent piece unintentionally describes one of the most ridiculous absurdities of our healthcare management systems. It not ground breaking or ingenious that doctors may finally be able to come to the table to understand real costs associated with their efforts. It is asinine that it’s taken this long to develop a tool to track real costs of supplies and costs associated with tracking time spent in operating rooms. Every stakeholder in every other business has been doing this since business has been a thing. And now, in the 21st century we’re expected to give a hoot because doctors have finally caught onto principals developed in the 15th century, or 14th century, or 7th century? And it’s important that someone developed a tool to help them do that? Yippie. Generations of fiscal ignorance by physicians is, by no means, the worst problem with our demented healthcare system. But it is indicative of a racket that was often managed by some folks hell bent on taking advantage of the customer. Healthcare costs spiraled out of control over the years because it’s a commodity customers can’t do without. Everyone needs healthcare. Nobody was minding the store and greed and profit seeking soon ruled the industry. Competition was nonexistent because providers, doctors, insurers and manufactures were working together to suck as much money out of the system as they possibly could. This is, very slowly changing. While I watch the slow motion, painful shift to accountable healthcare you’ll have to excuse me if I really could care less that surgeons are learning to use software to figure out how much stitches, scrubs, and retractors cost.

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