Frugal Friday: In healthcare, can professionals make money by saving money? One doctor things so!
I also like the idea of healthcare providers being rewarded based on patients’ outcomes. If I understand it correctly, Eastern medicine rewards doctors for keeping their patients healthy. Why don’t we have that model of healthcare in Western medicine? Hmm…
This quote comes from a June 22, 2015 article on Marketplace.org:
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Berkowitz bets if he gets them eating healthier foods, his patients will need less medication, will move around more and will be more productive.
He is one of a handful of researchers trying to improve health for the patients sometimes called the 5/50s; the 5 percent of patients who use 50 percent of the resources. The program has the potential to improve health and save money on hospital bills paid by Medicaid and, by extension, American taxpayers.
It’s a growing idea in a healthcare landscape where providers are increasingly rewarded based on patients’ outcomes, not just the number of services provided.
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The new math in healthcare: make money by saving money
http://www.marketplace.org/topics/health-care/new-math-healthcare-make-money-saving-money (no longer online)