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Value management program: performance, quantification, and presentation of imaging value-added actions.

Samir Patel1

  • 1Elkhart General Hospital, Elkhart, Indiana; Memorial Hospital, South Bend, Indiana; Goshen General Hospital, Goshen, Indiana.

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|December 3, 2014
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Summary
This summary is machine-generated.

Radiology groups can now quantify their value beyond imaging interpretation. A new program demonstrates the significant uncompensated time radiologists invest, highlighting their crucial role in healthcare value.

Keywords:
Value management programtotal radiologist productivityvalue-added matrix

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Area of Science:

  • Radiology
  • Health Services Research
  • Value-Based Healthcare

Background:

  • Healthcare is transitioning from volume-based to value-based reimbursement models.
  • Hospital executives and referring physicians often underestimate the full value provided by radiology groups.
  • A standardized, cost-effective method for radiology groups to demonstrate their value has been lacking.

Purpose of the Study:

  • To develop and implement a value management program for radiology groups.
  • To document and quantify value-added activities performed by on-site radiologists.
  • To present the benefits of these activities to stakeholders using a defined template.

Main Methods:

  • Development of a value management program and a radiology value-added matrix.
  • Categorization of value-added activities into investments (time spent) and outcomes (benefits).
  • Systemwide implementation of the program starting in 2013, with data collection on invested hours.

Main Results:

  • In 2013, 9,931.75 hours of value-added activities were documented across serviced locations.
  • The mean and median individual value-added hours per radiologist were 134.52 and 113.33, respectively.
  • Extrapolation to 30,000 radiologists suggested 10,641,161 uncompensated value-added hours in 2013, valued at $2.21 billion.

Conclusions:

  • The developed value management program effectively documents and quantifies the value radiologists provide.
  • On-site radiologists contribute significant uncompensated time and value beyond traditional interpretations.
  • Demonstrating this value is crucial for aligning with healthcare's shift towards value-based success.