Healthcare costs are raging in America, and the average household can not keep up any longer. Currently, healthcare cost in the U.S. is growing 1.1% faster than the GDP, it's only a matter of time before this crisis begins to efface people’s access to healthcare.
For many cancer survivors, the hurdle does not stop at the last course of cancer treatment; hundreds of thousands of dollars in debt will leave survivors and even those receiving ongoing treatment living on the edge when all is said and done.
Medical providers in the United States have traditionally operated on a fee-for-service model. Under this model, insurers reimburse healthcare organizations for services rendered regardless of the outcome. A new approach, value-based care, is gaining steam. Adopting a value-based care system simply allows for more open communication amongst a network of providers, resulting in positive patient outcomes as well as overall satisfaction for the provider and insurer.
ByDiseiye Iyebote, MD
April 3, 2021
Experts have predicted significant volatility in healthcare costs in 2022 and beyond as a result of the impact of the pandemic not only on the economy but also on overall health. Therefore, organizations and individuals need to be prepared for the sticker shock and implement cost-saving strategies