Today, the framework from which healthcare experts largely define value is the Triple Aim. First described by an economist rather than a clinician, the Triple Aim can be translated into a value equation: Value = outcome/cost. Skeptics may assume this is code for cost reduction alone. But it...
Value-basedhealth care(VBHC) has been proposed as a strategy to address the challenges facing health care today[1]. Value is defined in terms of the value equation − health outcomes achieved per unit cost expended over the entire care delivery value chain (CDVC)[2]. The CDVC disregards...
Equation 16 implies that in order to attain economic growth, the optimal share of preventive healthcare relative to output is the fraction of the product of the diagnosis & treatment healthcare share, D 0 (1 − p), and the square root of the share of wasted expenditure to the proba...
The paper depicts that the commercial health insurance market of the state is still focused on Blue Cross and Blue Shield of Rhode Island, and on United Healthcare of New England Inc. It is stated that most Rhode Islanders have limited choice of carrier due to the small number of health ...
New types of cost-effective services, technologies and products must be found. Manufacturers, hospital administrators and health professionals must be capable of effectively documenting the benefits, risks and costs of their services to society and the quality of care to patients. Choices must be ...
To alleviate the contradiction in healthcare resources, the Chinese government formally established the framework of a hierarchical medical system in 2015, which contains the following brief generalities: " separate treatment of emergencies and slows, first-contact care at the primary, two-way referral...
On the flip side of this equation are increasing costs of doing business from higher costs for insurance to supply costs to specialty treatments that did not exist even a decade ago. The cost of doing business for many healthcare organizations is the cost of providing care to those who cannot...
{it}\)is the error term of the model. Equation (1) captures the long-run effects of the explanatory variables on the subject; nevertheless,\({AIQ}_{it}\)has only been augmented as an aggregated variable that captures the overall effects of institutional quality on the dependent variables. ...
Healthcare organizations that deliver high quality care as efficiently as possible inevitably are profitable. In the eleventh installment of Straight Talk, we discuss the performance improvement strategies of three health systems that strive to strike a balance between financial and altruistic goals: 15 ...
Generalized Structural Equation Modelling HI: Health Insurance ICC: Intra Class Correlation Coefficient LMIC: Low and Middle-income Countries (LMICs) PCV: Proportional Change in Variance PNC: Postnatal Care SDGs: Sustainable Development Goals SDS: Skilled Delivery Service SSA: Sub Saharan Afr...