Policy Organization and Financing Healthcare – WK 2 DISC 1

Policy Organization and Financing Healthcare – WK 2 DISC 1
Evaluate and discuss clinical and business solutions for hospital improvement. Include in your discussion improvement of outcomes, reduction in costs, optimization of payment, and improvement in the overall patient experience.
– Please use information provided to answer question
– Any clinical reference must be about emergency department
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Solution
Policy Organization and Financing Healthcare – WK 2 DISC 1
One of the most effective clinical and business solutions for hospital improvement is a utilization of the value-based health care delivery model compared to the traditional fee-for-service model. The value-based healthcare delivery model is a model in which healthcare providers are provided with significant incentives related to the quality of the services they offer to patients as opposed to the quantity of services they offer to such patients. Under the value-based healthcare delivery model, healthcare providers, including physicians and healthcare facilities, are therefore compensated based on the patient’s health outcomes (Putera, 2017). Healthcare practitioners who participate in value-based healthcare agreements are also rewarded for promoting healthy patient outcomes, helping patients to live healthier lives, and reducing chronic diseases burden through different evidence-based practices (Putera, 2017).
The utilization of the value-based healthcare delivery model can be an effective clinical solution to improve the outcomes of patients in health care facilities. This is because the utilization of the value-based healthcare delivery model focuses on improving the health outcomes of patients as opposed to providing numerous healthcare services to such patients (Teisberg et al., 2020). Value-based healthcare delivery system also plays a significant role in reducing the cost of health care services by incentivizing healthcare providers to provide health promotion and disease prevention services among patients and to prevent the onset of chronic conditions. Undervalued based health care delivery model patients are therefore more likely to spend less in health care facilities. Finally, the value-based health care delivery model helps to optimize payments and improve the overall patient experience in healthcare facilities. In this regard, the value of the healthcare delivery model promotes collaboration between healthcare practitioners and patients to assure the patients of the best outcomes (Teisberg et al., 2020).
References
Putera, I. (2017). Redefining Health: Implication for Value-Based Healthcare Reform. Cureus. https://doi.org/10.7759/cureus.1067
Teisberg, E., Wallace, S., & O’Hara, S. (2020). Defining and Implementing Value-Based Health Care. Academic Medicine, 95(5), 682–685. https://doi.org/10.1097/acm.0000000000003122