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The Healthcare Effectiveness Data and Information Set (HEDIS) is a widely used set of performance measures in the managed care industry, developed and maintained by the National Committee for Quality Assurance (NCQA). HEDIS was designed to allow consumers to compare health plan performance to other plans and to national or regional benchmarks.
Pay for performance systems link compensation to measures of work quality or goals. Current methods of healthcare payment may actually reward less-safe care, since some insurance companies will not pay for new practices to reduce errors, while physicians and hospitals can bill for additional services that are needed when patients are injured by mistakes. [1]
Benchmarking is appropriate in nearly every case where process redesign or improvement is to be undertaking so long as the cost of the study does not exceed the expected benefit. Financial benchmarking - performing a financial analysis and comparing the results in an effort to assess your overall competitiveness and productivity.
President-elect Donald Trump promised Americans he’d bring down consumer prices, make health care more affordable and protect Social Security. Now he has to follow through. 7 ways a Trump ...
"Obama must squarely address the issue of cost control, rather than just seek to reduce the number of uninsured Americans," says Thomas Parry, president of the Integrated Benefits Institute. “The untapped opportunity in the health care debate is to link better health, health care cost reduction and improved workforce productivity.
Key Points. Social Security COLAs have long failed seniors. The problem lies in how COLAs are calculated. Changing the benchmark for COLAs could provide seniors with a world of financial relief.
David Belle, founder at Fink Money, said: “For some a benchmark might be to beat the return on a basket of government bonds. “For others, it might be trying to beat the S&P500.
Health care analytics is the health care analysis activities that can be undertaken as a result of data collected from four areas within healthcare: (1) claims and cost data, (2) pharmaceutical and research and development (R&D) data, (3) clinical data (such as collected from electronic medical records (EHRs)), and (4) patient behaviors and preferences data (e.g. patient satisfaction or retail ...