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Related Experiment Videos

Improving clinical practices can boost the bottom line.

B Dieter1, D Gentile

  • 1Decision Support Group, Inc., Pasadena, CA.

Healthcare Financial Management : Journal of the Healthcare Financial Management Association
|August 6, 1993
PubMed
Summary

Investing in healthcare quality improvement offers significant financial returns. Demonstrating high-value care will be crucial for future payer and employer contracts, boosting hospital performance and market share.

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Area of Science:

  • Healthcare Management
  • Health Services Research
  • Quality Improvement

Background:

  • Healthcare organizations face increasing pressure to justify costs and demonstrate value.
  • Future contracting models will prioritize demonstrable quality alongside appropriate pricing.

Purpose of the Study:

  • To highlight the financial benefits of investing in healthcare quality improvement.
  • To emphasize the importance of value-based care in future healthcare contracting.

Main Methods:

  • This study is a conceptual analysis based on current healthcare economic trends.
  • It synthesizes information on quality metrics, fiscal performance, and market dynamics.

Main Results:

  • Investing in quality improvement yields higher returns than other investments.

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  • Quality is a key differentiator for healthcare organizations seeking contracts.
  • Improved quality positively impacts both financial performance and market share.

    • Conclusions:

    • Healthcare quality improvement is a strategic investment with substantial financial and market advantages.
    • Organizations must focus on demonstrating the value of their care to thrive in the evolving healthcare landscape.