What is the potential cost or benefit to my organization if we commit to support the Four Cornerstones of Value-driven Health Care?
Your potential costs will be determined by how you decide to use your purchasing power to advance the goals of the Executive Order. There could be short term administrative or implementation costs related to health insurance plans’ efforts to achieve these goals. Any potential costs could be minimized if you or the health insurance plans with which you contract have similar initiatives already underway. However, these costs should be modest compared to the potential efficiency gains. Promoting interoperable health IT adoption, quality and cost or price transparency, and increased incentives for employees to consider the value of their healthcare choices could reduce administrative costs in the short term and improve care delivery, saving significant resources over the longer term for you and your employees.
Related Questions
- What is the potential cost or benefit to my organization if we commit to support the Four Cornerstones of Value-driven Health Care?
- Is the Statement of Support for the Four Cornerstones of Value-driven Health Care a binding legal commitment?
- Where should we return the Statement of Support for the Four Cornerstones of Value-driven Health Care?
