Ending unnecessary waste through value-based care
Seismic change continues to happen in the health care industry. Value-based care, an aspect Don Antonucci, President of Regence BlueShield continually focuses on, is one step towards ending unnecessary waste in the health care system. According to the federal Centers for Medicare and Medicaid Services (CMS), improper payments totaled $29.12 billion in 2015 from Medicaid alone. Nationwide, waste resulting from overuse, fraud and abuse represents a significant portion of total health care spending. This waste drives up costs, putting a heavy burden on consumers and employers alike.
According to Don, Washington state is already ahead of the curve when it comes to understanding the benefits of value-based care. However, transforming the way health care is provided will require not just new innovations, but also a major change in culture.
You can read about Don’s perspective on value-based care as well as other employers, providers and individuals in Seattle Business Magazine’s The Health Care Fix.