THE PAYER PERSPECTIVE ON CONTROLLING HEALTHCARE COSTS
We are in a remarkable period of healthcare innovation — new delivery techniques, therapies, and medical technologies are improving patient lives every day. However, rising costs and issues with access continue to impede progress. Health insurers are working to address these challenges.
At Medtronic, we are committed to collaborating with payers to solve these challenges together. Through data-backed partnerships that guarantee outcomes, we will work together to usher in the era of value-based healthcare.
If we do not fundamentally shift our current payment system, spending on U.S. healthcare alone will account for 20 percent of the country’s GDP by 20261 and nearly double that figure by 2047.2
"While there is no single solution to the myriad of challenges facing healthcare broadly and payers specifically, value-based healthcare is a way many leaders are working to improve patient outcomes and lower costs in the system."
CONTROLLING COSTS WITH VBHC
Interested in learning more about value-based healthcare?
1
National health expenditures fact sheet. Centers for Medicare and Medicaid Services. https://www.cms.gov/research-statistics-data-and-systems/statistics-trends-and-reports/nationalhealthexpenddata/nhe-fact-sheet.html
2
Health care spending today and in the future: impacts on federal deficits and debt. Presentation to a Conference Organized by the Center for Sustainable Health Spending, Washington, DC. Congressional Budget Office. July 18, 2017. https://www.cbo.gov/system/files/115th-congress-2017-2018/presentation/52913-presentation.pdf