In times of declining fees for service and increasing fees for value, the term outcomes-based health care has turned into an often-cited buzzword. The adoption of outcomes-based approaches to health care is advocated everywhere. Enterprises and institutions are attempting to differentiate themselves with unique approaches to co-creating outcomes with patients. A substantial amount of academic and technical rigor is applied to the process of measuring and contracting for outcomes.
We are aware of the greater challenges this transformation comes with. Outcomes are hard to define. Outcomes are hard to measure. Outcomes are hard to contract for. There are many cultural barriers in defining global standards that encompass recipients and providers alike.
For hospitals to meet today’s challenge of cutting operational expenses by as much as 20 to 30 percent, there’s an urgent need to focus more on what actually adds value to the continuum of care and what defines a positive, reimbursable outcome. - read more -