SlideShare a Scribd company logo
1 of 12
Why quality?
Austin Frakt, PhD
TheIncidentalEconomist.com
A focus on research, an eye on reform.
School of Medicine
School of Public Health
Views expressed are my own and do not necessarily reflect the position
or policy of the Department of Veterans Affairs or Boston University.
Why measure/pay for quality?
• If it’s so simple, why is it a (relatively) new idea?
• Medicare has cut payments to providers before
• Bad things can happen
• When hospitals are paid less, they cut something.
Is it the right thing?
For more, see Frakt, NYT, 5 Jan 2015.
Medicare is cutting again
For more, see CMS, 13 May 2011.
Can hospitals keep up?
For more, see Frakt, TIE, 12 July 2013.
This time is different (?)
• ACOs (are they just HMOs all over again?)
• Quality measurement
• Value-based purchasing
• Bundled payments
• Penalties and bonuses tied to quality
• New IT capabilities
• Private-side innovations (e.g., AQC)
For more, see Frakt, NYT, 19 Jan 2015 and Song and Chokshi, JAMA, 6 Jan 2015.
But, consolidation isn’t a good sign
• Consolidation is rampant
– More hospital mergers & acquisitions
– Physicians coalescing into larger groups
– More hospitals employing more physicians
– More integrated delivery systems offering
insurance products
• Consolidation pushes prices up and rarely
improves quality
For more, see Frakt, NYT, 23 Jun 2014 and Frakt, JAMA, 11 Nov 2014.
Source: The Health Care M&A Information Source, Dec. 2014 (via Leemore Dafny)
Hospital consolidation
Does higher quality justify higher
prices?
• Our analysis of Medicare Advantage plans
offered by providers suggests not
– Even accounting for quality increase, premiums
were 70% above what could be justified
For more, see Frakt, TIE, 1 July 2013 and Frakt, TIE, 16 March 2015.
The US delivery system runs on markets
• Spending growth is driven by price growth
– IOM: 70% of spending variation due to markups
– Recent spending growth driven by prices
• Signature of consolidation
• Compromises public and private efforts
For more, see Frakt, NYT, 23 Jun 2014 and Frakt, JAMA, 11 Nov 2014.
Skeptic or optimist?
• I find much of this troubling
• Yet, I’m cautiously optimistic
– Present is different enough from the past that we
might get different results
– David Cutler & Peter Orszag are smarter than I am
• But, we must not guess
• We must do the research
For more, see Frakt, TIE, 15 Oct 2014 and Herzlinger et al, NEJM, 4 Mar 2015.
Cause for celebration
For more, see Romley et al, Health Affairs, Feb 2015.
Austin Frakt, "Changing How We Pay for Care" webinar, 3.19.15

More Related Content

What's hot

Can Post-Stratification Adjustments Do Enough to Reduce Bias in Telephone Sur...
Can Post-Stratification Adjustments Do Enough to Reduce Bias in Telephone Sur...Can Post-Stratification Adjustments Do Enough to Reduce Bias in Telephone Sur...
Can Post-Stratification Adjustments Do Enough to Reduce Bias in Telephone Sur...
soder145
 
Making use of All-Payer Claims Databases for Health Care Reform Evaluation
Making use of All-Payer Claims Databases for Health Care Reform EvaluationMaking use of All-Payer Claims Databases for Health Care Reform Evaluation
Making use of All-Payer Claims Databases for Health Care Reform Evaluation
soder145
 
Changing Trends In Employer-Sponsored Insurance Before and Since the Great Re...
Changing Trends In Employer-Sponsored Insurance Before and Since the Great Re...Changing Trends In Employer-Sponsored Insurance Before and Since the Great Re...
Changing Trends In Employer-Sponsored Insurance Before and Since the Great Re...
soder145
 

What's hot (20)

Will There Be a Productivity Revolution in Health Care? - David Cutler
Will There Be a Productivity Revolution in Health Care? - David CutlerWill There Be a Productivity Revolution in Health Care? - David Cutler
Will There Be a Productivity Revolution in Health Care? - David Cutler
 
Fitting Square Pegs Into Round Holes: Linking Medicaid and Current Population...
Fitting Square Pegs Into Round Holes: Linking Medicaid and Current Population...Fitting Square Pegs Into Round Holes: Linking Medicaid and Current Population...
Fitting Square Pegs Into Round Holes: Linking Medicaid and Current Population...
 
Can Post-Stratification Adjustments Do Enough to Reduce Bias in Telephone Sur...
Can Post-Stratification Adjustments Do Enough to Reduce Bias in Telephone Sur...Can Post-Stratification Adjustments Do Enough to Reduce Bias in Telephone Sur...
Can Post-Stratification Adjustments Do Enough to Reduce Bias in Telephone Sur...
 
Making use of All-Payer Claims Databases for Health Care Reform Evaluation
Making use of All-Payer Claims Databases for Health Care Reform EvaluationMaking use of All-Payer Claims Databases for Health Care Reform Evaluation
Making use of All-Payer Claims Databases for Health Care Reform Evaluation
 
Can post-stratification adjustments correct bias in traditional RDD estimates
Can post-stratification adjustments correct bias in traditional RDD estimatesCan post-stratification adjustments correct bias in traditional RDD estimates
Can post-stratification adjustments correct bias in traditional RDD estimates
 
Changing Trends In Employer-Sponsored Insurance Before and Since the Great Re...
Changing Trends In Employer-Sponsored Insurance Before and Since the Great Re...Changing Trends In Employer-Sponsored Insurance Before and Since the Great Re...
Changing Trends In Employer-Sponsored Insurance Before and Since the Great Re...
 
State Health Access Reform Evaluation
State Health Access Reform EvaluationState Health Access Reform Evaluation
State Health Access Reform Evaluation
 
David Dranove
David DranoveDavid Dranove
David Dranove
 
Transforming Health Care Delivery
Transforming Health Care DeliveryTransforming Health Care Delivery
Transforming Health Care Delivery
 
Effective Global Site Budgeting and Cost Management - Holly Squires
Effective Global Site Budgeting and Cost Management  - Holly SquiresEffective Global Site Budgeting and Cost Management  - Holly Squires
Effective Global Site Budgeting and Cost Management - Holly Squires
 
Transitioning to Value Based Care: Tennessee Oncology, A Case Study
Transitioning to Value Based Care: Tennessee Oncology, A Case StudyTransitioning to Value Based Care: Tennessee Oncology, A Case Study
Transitioning to Value Based Care: Tennessee Oncology, A Case Study
 
Tackling the Tough Topics: The public plan option, employer pay or play, and ...
Tackling the Tough Topics: The public plan option, employer pay or play, and ...Tackling the Tough Topics: The public plan option, employer pay or play, and ...
Tackling the Tough Topics: The public plan option, employer pay or play, and ...
 
Evaluating Small Group Employer Participation in New Mexico’s State Coverage ...
Evaluating Small Group Employer Participation in New Mexico’s State Coverage ...Evaluating Small Group Employer Participation in New Mexico’s State Coverage ...
Evaluating Small Group Employer Participation in New Mexico’s State Coverage ...
 
1. Tax treatment of health insurance premiums; 2. Pooling and a "public" plan
1. Tax treatment of health insurance premiums; 2. Pooling and a "public" plan1. Tax treatment of health insurance premiums; 2. Pooling and a "public" plan
1. Tax treatment of health insurance premiums; 2. Pooling and a "public" plan
 
State Health Reform
State Health ReformState Health Reform
State Health Reform
 
Blewett Ah Shrpig Jun2009
Blewett Ah Shrpig Jun2009Blewett Ah Shrpig Jun2009
Blewett Ah Shrpig Jun2009
 
Linking Administrative and Survey Data for Health Policy Research in the US: ...
Linking Administrative and Survey Data for Health Policy Research in the US: ...Linking Administrative and Survey Data for Health Policy Research in the US: ...
Linking Administrative and Survey Data for Health Policy Research in the US: ...
 
A Comparison of the Health Insurance Coverage Estimates from Four National Su...
A Comparison of the Health Insurance Coverage Estimates from Four National Su...A Comparison of the Health Insurance Coverage Estimates from Four National Su...
A Comparison of the Health Insurance Coverage Estimates from Four National Su...
 
Oregon's Coordinated Care Organizations: Governance & Impacts
Oregon's Coordinated Care Organizations: Governance & ImpactsOregon's Coordinated Care Organizations: Governance & Impacts
Oregon's Coordinated Care Organizations: Governance & Impacts
 
Evaluating Small Group Employer Participation in New Mexico’s State Coverage ...
Evaluating Small Group Employer Participation in New Mexico’s State Coverage ...Evaluating Small Group Employer Participation in New Mexico’s State Coverage ...
Evaluating Small Group Employer Participation in New Mexico’s State Coverage ...
 

Viewers also liked

Viewers also liked (17)

Dr. Arnold Milstein, "Changing How We Pay for Care" webinar, 3.19.15
Dr. Arnold Milstein, "Changing How We Pay for Care" webinar, 3.19.15Dr. Arnold Milstein, "Changing How We Pay for Care" webinar, 3.19.15
Dr. Arnold Milstein, "Changing How We Pay for Care" webinar, 3.19.15
 
Kristin Gourlay: "What Soaring Drug Prices Mean for Patients," 9.3.15
Kristin Gourlay: "What Soaring Drug Prices Mean for Patients," 9.3.15Kristin Gourlay: "What Soaring Drug Prices Mean for Patients," 9.3.15
Kristin Gourlay: "What Soaring Drug Prices Mean for Patients," 9.3.15
 
Dr. Peter B. Bach: "What Soaring Drug Prices Mean for Patients," 9.3.15
Dr. Peter B. Bach: "What Soaring Drug Prices Mean for Patients," 9.3.15Dr. Peter B. Bach: "What Soaring Drug Prices Mean for Patients," 9.3.15
Dr. Peter B. Bach: "What Soaring Drug Prices Mean for Patients," 9.3.15
 
Health Reform Keynote Address
Health Reform Keynote AddressHealth Reform Keynote Address
Health Reform Keynote Address
 
Blair Hickman: "Out of Pocket: Surprise Costs After Health Reform," 10.29.15
Blair Hickman: "Out of Pocket: Surprise Costs After Health Reform," 10.29.15Blair Hickman: "Out of Pocket: Surprise Costs After Health Reform," 10.29.15
Blair Hickman: "Out of Pocket: Surprise Costs After Health Reform," 10.29.15
 
Jay Angoff: "King v. Burwell: Obamacare on the Brink?" 6.16.15
Jay Angoff: "King v. Burwell: Obamacare on the Brink?" 6.16.15Jay Angoff: "King v. Burwell: Obamacare on the Brink?" 6.16.15
Jay Angoff: "King v. Burwell: Obamacare on the Brink?" 6.16.15
 
Noam Levey: "Out of Pocket: Surprise Costs After Health Reform," 10.29.15
Noam Levey: "Out of Pocket: Surprise Costs After Health Reform," 10.29.15Noam Levey: "Out of Pocket: Surprise Costs After Health Reform," 10.29.15
Noam Levey: "Out of Pocket: Surprise Costs After Health Reform," 10.29.15
 
Linda Greenhouse: "King v. Burwell: Obamacare on the Brink?" 6.16.15
Linda Greenhouse: "King v. Burwell: Obamacare on the Brink?" 6.16.15Linda Greenhouse: "King v. Burwell: Obamacare on the Brink?" 6.16.15
Linda Greenhouse: "King v. Burwell: Obamacare on the Brink?" 6.16.15
 
Meghan Hoyer: "Will the Silver Tsunami Send Medicare into the Red?" 12.17.15
Meghan Hoyer: "Will the Silver Tsunami Send Medicare into the Red?" 12.17.15Meghan Hoyer: "Will the Silver Tsunami Send Medicare into the Red?" 12.17.15
Meghan Hoyer: "Will the Silver Tsunami Send Medicare into the Red?" 12.17.15
 
Eugene Steuerle: "Will the Silver Tsunami Send Medicare into the Red?," 12.17.15
Eugene Steuerle: "Will the Silver Tsunami Send Medicare into the Red?," 12.17.15Eugene Steuerle: "Will the Silver Tsunami Send Medicare into the Red?," 12.17.15
Eugene Steuerle: "Will the Silver Tsunami Send Medicare into the Red?," 12.17.15
 
Dan Gorenstein: "Inside the ‘Black Box’ of Health Care Spending Data?" 2.18.16
Dan Gorenstein: "Inside the ‘Black Box’ of Health Care Spending Data?" 2.18.16Dan Gorenstein: "Inside the ‘Black Box’ of Health Care Spending Data?" 2.18.16
Dan Gorenstein: "Inside the ‘Black Box’ of Health Care Spending Data?" 2.18.16
 
Becca Aaronson: "Visualizing Health Data," 7.23.15
Becca Aaronson: "Visualizing Health Data," 7.23.15Becca Aaronson: "Visualizing Health Data," 7.23.15
Becca Aaronson: "Visualizing Health Data," 7.23.15
 
Jennifer Haberkorn: "Clinton vs. Trump: The Future of U.S. Health Care" 10.28.16
Jennifer Haberkorn: "Clinton vs. Trump: The Future of U.S. Health Care" 10.28.16Jennifer Haberkorn: "Clinton vs. Trump: The Future of U.S. Health Care" 10.28.16
Jennifer Haberkorn: "Clinton vs. Trump: The Future of U.S. Health Care" 10.28.16
 
Why We Need to Shift Healthcare Quality Measures from Volume to Value
Why We Need to Shift Healthcare Quality Measures from Volume to ValueWhy We Need to Shift Healthcare Quality Measures from Volume to Value
Why We Need to Shift Healthcare Quality Measures from Volume to Value
 
Jennifer Haberkorn: "After Obamacare: The Future of U.S. Health Care" 1.24.17
Jennifer Haberkorn: "After Obamacare: The Future of U.S. Health Care" 1.24.17Jennifer Haberkorn: "After Obamacare: The Future of U.S. Health Care" 1.24.17
Jennifer Haberkorn: "After Obamacare: The Future of U.S. Health Care" 1.24.17
 
Diana Furchtgott-Roth: "Clinton vs. Trump: The Future of U.S. Health Care" 10...
Diana Furchtgott-Roth: "Clinton vs. Trump: The Future of U.S. Health Care" 10...Diana Furchtgott-Roth: "Clinton vs. Trump: The Future of U.S. Health Care" 10...
Diana Furchtgott-Roth: "Clinton vs. Trump: The Future of U.S. Health Care" 10...
 
Improving the Outcomes That Matter Most to Patients
Improving the Outcomes That Matter Most to PatientsImproving the Outcomes That Matter Most to Patients
Improving the Outcomes That Matter Most to Patients
 

Similar to Austin Frakt, "Changing How We Pay for Care" webinar, 3.19.15

Discussion Of Health Care System Essay Paper.docx
Discussion Of Health Care System Essay Paper.docxDiscussion Of Health Care System Essay Paper.docx
Discussion Of Health Care System Essay Paper.docx
4934bk
 
Finding the Right Care for the Right Price, Cost and Quality (Geof Baker)
Finding the Right Care for the Right Price, Cost and Quality (Geof Baker)Finding the Right Care for the Right Price, Cost and Quality (Geof Baker)
Finding the Right Care for the Right Price, Cost and Quality (Geof Baker)
Geof Baker
 
Performance Evaluations Related to Patient Outcomes: Con
Performance Evaluations Related to Patient Outcomes: ConPerformance Evaluations Related to Patient Outcomes: Con
Performance Evaluations Related to Patient Outcomes: Con
Kristin Botzer
 
Rich Saver, "Financial Conflicts of Interest and Transparency Regulation: Imp...
Rich Saver, "Financial Conflicts of Interest and Transparency Regulation: Imp...Rich Saver, "Financial Conflicts of Interest and Transparency Regulation: Imp...
Rich Saver, "Financial Conflicts of Interest and Transparency Regulation: Imp...
The Petrie-Flom Center for Health Law Policy, Biotechnology, and Bioethics
 
Slides rough draft
Slides rough draftSlides rough draft
Slides rough draft
Sean Jordan
 
LOYALTY_Rx___Solving_the_consumer_loyalty_crisis_in_healthcare_with_data
LOYALTY_Rx___Solving_the_consumer_loyalty_crisis_in_healthcare_with_dataLOYALTY_Rx___Solving_the_consumer_loyalty_crisis_in_healthcare_with_data
LOYALTY_Rx___Solving_the_consumer_loyalty_crisis_in_healthcare_with_data
Bill Wachs
 
Demand for healthcare umadhay
Demand for healthcare umadhayDemand for healthcare umadhay
Demand for healthcare umadhay
BarryCRNA
 
Review posts submitted by your classmates.  In your responses, propo.docx
Review posts submitted by your classmates.  In your responses, propo.docxReview posts submitted by your classmates.  In your responses, propo.docx
Review posts submitted by your classmates.  In your responses, propo.docx
michael591
 

Similar to Austin Frakt, "Changing How We Pay for Care" webinar, 3.19.15 (20)

Why does Amazon knows me better than my doctor?
Why does Amazon knows me better than my doctor? Why does Amazon knows me better than my doctor?
Why does Amazon knows me better than my doctor?
 
Physician Trends 2015
Physician Trends 2015Physician Trends 2015
Physician Trends 2015
 
Discussion Of Health Care System Essay Paper.docx
Discussion Of Health Care System Essay Paper.docxDiscussion Of Health Care System Essay Paper.docx
Discussion Of Health Care System Essay Paper.docx
 
Benjamin Sommers, "Health Care Reform: Medicaid"
Benjamin Sommers, "Health Care Reform: Medicaid"Benjamin Sommers, "Health Care Reform: Medicaid"
Benjamin Sommers, "Health Care Reform: Medicaid"
 
Finding the Right Care for the Right Price, Cost and Quality (Geof Baker)
Finding the Right Care for the Right Price, Cost and Quality (Geof Baker)Finding the Right Care for the Right Price, Cost and Quality (Geof Baker)
Finding the Right Care for the Right Price, Cost and Quality (Geof Baker)
 
Physican payment options power point 07-18-16
Physican payment options power point   07-18-16Physican payment options power point   07-18-16
Physican payment options power point 07-18-16
 
Telehealth Secrets 2019: Why Patients Don't Want Telehealth - Gregory Truex, ...
Telehealth Secrets 2019: Why Patients Don't Want Telehealth - Gregory Truex, ...Telehealth Secrets 2019: Why Patients Don't Want Telehealth - Gregory Truex, ...
Telehealth Secrets 2019: Why Patients Don't Want Telehealth - Gregory Truex, ...
 
Transparency in Health Care: Will Posting Prices Cut Costs?
Transparency in Health Care: Will Posting Prices Cut Costs?Transparency in Health Care: Will Posting Prices Cut Costs?
Transparency in Health Care: Will Posting Prices Cut Costs?
 
Performance Evaluations Related to Patient Outcomes: Con
Performance Evaluations Related to Patient Outcomes: ConPerformance Evaluations Related to Patient Outcomes: Con
Performance Evaluations Related to Patient Outcomes: Con
 
Rich Saver, "Financial Conflicts of Interest and Transparency Regulation: Imp...
Rich Saver, "Financial Conflicts of Interest and Transparency Regulation: Imp...Rich Saver, "Financial Conflicts of Interest and Transparency Regulation: Imp...
Rich Saver, "Financial Conflicts of Interest and Transparency Regulation: Imp...
 
Looking into Healthcare Reform: Assuring Quality in Health Care
Looking into Healthcare Reform: Assuring Quality in Health CareLooking into Healthcare Reform: Assuring Quality in Health Care
Looking into Healthcare Reform: Assuring Quality in Health Care
 
MedicalResearch.com Leading Medical Research Interviews August 24 2015
MedicalResearch.com Leading Medical Research Interviews August 24 2015MedicalResearch.com Leading Medical Research Interviews August 24 2015
MedicalResearch.com Leading Medical Research Interviews August 24 2015
 
Slides rough draft
Slides rough draftSlides rough draft
Slides rough draft
 
Innovation Under Uncertainty: Maintaining Progress
Innovation Under Uncertainty: Maintaining ProgressInnovation Under Uncertainty: Maintaining Progress
Innovation Under Uncertainty: Maintaining Progress
 
Will There Be a Productivity Revolution in Health Care? - David Cutler
Will There Be a Productivity Revolution in Health Care? - David CutlerWill There Be a Productivity Revolution in Health Care? - David Cutler
Will There Be a Productivity Revolution in Health Care? - David Cutler
 
Health Care Costs
Health Care Costs Health Care Costs
Health Care Costs
 
The State of Consumer Healthcare: A Study of Patient Experience
The State of Consumer Healthcare: A Study of Patient ExperienceThe State of Consumer Healthcare: A Study of Patient Experience
The State of Consumer Healthcare: A Study of Patient Experience
 
LOYALTY_Rx___Solving_the_consumer_loyalty_crisis_in_healthcare_with_data
LOYALTY_Rx___Solving_the_consumer_loyalty_crisis_in_healthcare_with_dataLOYALTY_Rx___Solving_the_consumer_loyalty_crisis_in_healthcare_with_data
LOYALTY_Rx___Solving_the_consumer_loyalty_crisis_in_healthcare_with_data
 
Demand for healthcare umadhay
Demand for healthcare umadhayDemand for healthcare umadhay
Demand for healthcare umadhay
 
Review posts submitted by your classmates.  In your responses, propo.docx
Review posts submitted by your classmates.  In your responses, propo.docxReview posts submitted by your classmates.  In your responses, propo.docx
Review posts submitted by your classmates.  In your responses, propo.docx
 

Recently uploaded

Best Lahore Escorts 😮‍💨03250114445 || VIP escorts in Lahore
Best Lahore Escorts 😮‍💨03250114445 || VIP escorts in LahoreBest Lahore Escorts 😮‍💨03250114445 || VIP escorts in Lahore
Best Lahore Escorts 😮‍💨03250114445 || VIP escorts in Lahore
Deny Daniel
 
palanpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
palanpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meetpalanpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
palanpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Service
 
dhanbad Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
dhanbad Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meetdhanbad Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
dhanbad Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Service
 
Patna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Patna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetPatna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Patna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Service
 
Call Girl in Bangalore 9632137771 {LowPrice} ❤️ (Navya) Bangalore Call Girls ...
Call Girl in Bangalore 9632137771 {LowPrice} ❤️ (Navya) Bangalore Call Girls ...Call Girl in Bangalore 9632137771 {LowPrice} ❤️ (Navya) Bangalore Call Girls ...
Call Girl in Bangalore 9632137771 {LowPrice} ❤️ (Navya) Bangalore Call Girls ...
mahaiklolahd
 
Jalna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Jalna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetJalna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Jalna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Service
 
dehradun Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
dehradun Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meetdehradun Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
dehradun Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Service
 
Ernakulam Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Ernakulam Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetErnakulam Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Ernakulam Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Chandigarh
 
bhubaneswar Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
bhubaneswar Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meetbhubaneswar Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
bhubaneswar Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Service
 
Thrissur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Thrissur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetThrissur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Thrissur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Service
 
raisen Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
raisen Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meetraisen Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
raisen Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Service
 
VIP Call Girls Noida Sia 9711199171 High Class Call Girl Near Me
VIP Call Girls Noida Sia 9711199171 High Class Call Girl Near MeVIP Call Girls Noida Sia 9711199171 High Class Call Girl Near Me
VIP Call Girls Noida Sia 9711199171 High Class Call Girl Near Me
mriyagarg453
 
Hubli Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Hubli Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetHubli Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Hubli Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Service
 
Rajkot Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Rajkot Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetRajkot Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Rajkot Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Service
 
Bareilly Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Bareilly Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetBareilly Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Bareilly Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Service
 
jabalpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
jabalpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meetjabalpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
jabalpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Call Girls Service
 

Recently uploaded (20)

Kochi call girls Mallu escort girls available 7877702510
Kochi call girls Mallu escort girls available 7877702510Kochi call girls Mallu escort girls available 7877702510
Kochi call girls Mallu escort girls available 7877702510
 
Best Lahore Escorts 😮‍💨03250114445 || VIP escorts in Lahore
Best Lahore Escorts 😮‍💨03250114445 || VIP escorts in LahoreBest Lahore Escorts 😮‍💨03250114445 || VIP escorts in Lahore
Best Lahore Escorts 😮‍💨03250114445 || VIP escorts in Lahore
 
palanpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
palanpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meetpalanpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
palanpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 
dhanbad Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
dhanbad Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meetdhanbad Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
dhanbad Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 
Patna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Patna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetPatna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Patna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 
Call Girl in Bangalore 9632137771 {LowPrice} ❤️ (Navya) Bangalore Call Girls ...
Call Girl in Bangalore 9632137771 {LowPrice} ❤️ (Navya) Bangalore Call Girls ...Call Girl in Bangalore 9632137771 {LowPrice} ❤️ (Navya) Bangalore Call Girls ...
Call Girl in Bangalore 9632137771 {LowPrice} ❤️ (Navya) Bangalore Call Girls ...
 
Jalna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Jalna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetJalna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Jalna Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 
dehradun Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
dehradun Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meetdehradun Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
dehradun Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 
Ernakulam Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Ernakulam Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetErnakulam Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Ernakulam Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 
Escorts Service Ahmedabad🌹6367187148 🌹 No Need For Advance Payments
Escorts Service Ahmedabad🌹6367187148 🌹 No Need For Advance PaymentsEscorts Service Ahmedabad🌹6367187148 🌹 No Need For Advance Payments
Escorts Service Ahmedabad🌹6367187148 🌹 No Need For Advance Payments
 
bhubaneswar Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
bhubaneswar Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meetbhubaneswar Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
bhubaneswar Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 
Thrissur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Thrissur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetThrissur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Thrissur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 
raisen Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
raisen Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meetraisen Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
raisen Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 
Kolkata Call Girls Miss Inaaya ❤️ at @30% discount Everyday Call girl
Kolkata Call Girls Miss Inaaya ❤️ at @30% discount Everyday Call girlKolkata Call Girls Miss Inaaya ❤️ at @30% discount Everyday Call girl
Kolkata Call Girls Miss Inaaya ❤️ at @30% discount Everyday Call girl
 
VIP Call Girls Noida Sia 9711199171 High Class Call Girl Near Me
VIP Call Girls Noida Sia 9711199171 High Class Call Girl Near MeVIP Call Girls Noida Sia 9711199171 High Class Call Girl Near Me
VIP Call Girls Noida Sia 9711199171 High Class Call Girl Near Me
 
Dehradun Call Girls 8854095900 Call Girl in Dehradun Uttrakhand
Dehradun Call Girls 8854095900 Call Girl in Dehradun  UttrakhandDehradun Call Girls 8854095900 Call Girl in Dehradun  Uttrakhand
Dehradun Call Girls 8854095900 Call Girl in Dehradun Uttrakhand
 
Hubli Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Hubli Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetHubli Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Hubli Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 
Rajkot Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Rajkot Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetRajkot Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Rajkot Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 
Bareilly Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Bareilly Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real MeetBareilly Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
Bareilly Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 
jabalpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
jabalpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meetjabalpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
jabalpur Call Girls 👙 6297143586 👙 Genuine WhatsApp Number for Real Meet
 

Austin Frakt, "Changing How We Pay for Care" webinar, 3.19.15

  • 1. Why quality? Austin Frakt, PhD TheIncidentalEconomist.com A focus on research, an eye on reform. School of Medicine School of Public Health Views expressed are my own and do not necessarily reflect the position or policy of the Department of Veterans Affairs or Boston University.
  • 2. Why measure/pay for quality? • If it’s so simple, why is it a (relatively) new idea? • Medicare has cut payments to providers before • Bad things can happen • When hospitals are paid less, they cut something. Is it the right thing? For more, see Frakt, NYT, 5 Jan 2015.
  • 3. Medicare is cutting again For more, see CMS, 13 May 2011.
  • 4. Can hospitals keep up? For more, see Frakt, TIE, 12 July 2013.
  • 5. This time is different (?) • ACOs (are they just HMOs all over again?) • Quality measurement • Value-based purchasing • Bundled payments • Penalties and bonuses tied to quality • New IT capabilities • Private-side innovations (e.g., AQC) For more, see Frakt, NYT, 19 Jan 2015 and Song and Chokshi, JAMA, 6 Jan 2015.
  • 6. But, consolidation isn’t a good sign • Consolidation is rampant – More hospital mergers & acquisitions – Physicians coalescing into larger groups – More hospitals employing more physicians – More integrated delivery systems offering insurance products • Consolidation pushes prices up and rarely improves quality For more, see Frakt, NYT, 23 Jun 2014 and Frakt, JAMA, 11 Nov 2014.
  • 7. Source: The Health Care M&A Information Source, Dec. 2014 (via Leemore Dafny) Hospital consolidation
  • 8. Does higher quality justify higher prices? • Our analysis of Medicare Advantage plans offered by providers suggests not – Even accounting for quality increase, premiums were 70% above what could be justified For more, see Frakt, TIE, 1 July 2013 and Frakt, TIE, 16 March 2015.
  • 9. The US delivery system runs on markets • Spending growth is driven by price growth – IOM: 70% of spending variation due to markups – Recent spending growth driven by prices • Signature of consolidation • Compromises public and private efforts For more, see Frakt, NYT, 23 Jun 2014 and Frakt, JAMA, 11 Nov 2014.
  • 10. Skeptic or optimist? • I find much of this troubling • Yet, I’m cautiously optimistic – Present is different enough from the past that we might get different results – David Cutler & Peter Orszag are smarter than I am • But, we must not guess • We must do the research For more, see Frakt, TIE, 15 Oct 2014 and Herzlinger et al, NEJM, 4 Mar 2015.
  • 11. Cause for celebration For more, see Romley et al, Health Affairs, Feb 2015.

Editor's Notes

  1. Hospital consolidation can increase prices up to 40% 20% more physicians in groups over last 25 years, ignoring those employed by hospitals. 50% increase in hospital employment of physicians in last dozen years.
  2. 1200 in last 20 years
  3. 17% of health plans offered by providers. Biggest in MA market. Quality doesn’t increase except in some cases of vertical integration.
  4. IOM: 70% of spending variation due to markups, not quantity or input costs Recent spending growth driven by prices, not quantity or demographics
  5. We must study these issues rigorously. Research is our best, if imperfect guide.