Read the following attached articles:
Bending the Cost Curve: Time Series Analysis of a Value Transformation Programme at an Academic Medical Centre.
Geographic Variation in the Delivery of High-Value Inpatient Care.
A New Instrument to Measure High Value, Cost-Conscious Care Attitudes Among Healthcare Stakeholders: Development of the MHAQ.
Reducing Healthcare Costs Through Patient Targeting: Risk Adjustment Modeling to Predict Patients Remaining High-Cost.
Watch the following video:
What If All US Health Care Costs Were Transparent? | Jeanne Pinder (https://www.youtube.com/watch?v=ZjeZ8r7yWOk)
Researchers have documented systematic variation in Medicare spending and health services utilization across various geographic regions for decades. The findings also evidence that high Medicare spending is unrelated to health outcomes. Policymakers have changed Medicare payment systems to promote high-value care. As key stakeholders in the health care delivery system, health care organizations and providers play an important role in health care spending.
You are taking on the role of a new CEO of a hospital that was identified as having high health care cost and utilization. In the first meeting with the board, you are tasked to reduce health care spending and utilization in your hospital. Your board provides the main factor influencing health care spending and utilization while maintaining quality of care.
*Diversity within patient populations, patients’ current state of health, access to care, insurance coverage, and patients’ preferences for their care.
As the new CEO, in 300 to 400 words present the strategic plan you would implement to the board on this critical determinant. Be sure to also briefly explain why Physicians’ decisions on what care to give and the availability of reliable medical evidence to guide those decisions is also another important factor in influencing health care spending and utilization while maintaining quality of care.
Support your response with a minimum of two scholarly sources that were published in the last 5 years. Be sure to cite your references using proper APA Style