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Financing Whole-Person Health
Madison Hecht1, James Marzolf1, Ryan D Castle2
1Health Sector Finance & Policy, Whole Health Institute, Bentonville, AR, USA.
Systemic healthcare reform requires whole-person care and viable payment models. Capitated payments and risk adjustments can improve provider finances and patient health outcomes for a sustainable system.
Area of Science:
- Healthcare economics
- Public health
- Health systems research
Background:
- Current U.S. healthcare payment models are unsustainable, leading to provider financial strain and poor patient health outcomes.
- Rising costs and inadequate results necessitate systemic solutions beyond minor adjustments.
Purpose of the Study:
- To explore systemic solutions for healthcare reform, focusing on whole-person care and viable payment systems.
- To align healthcare delivery with patient values and address physical, behavioral, emotional, and social determinants of health.
Main Methods:
- Examining the integration of whole-person care with effective payment systems.
- Analyzing the role of capitated payments, risk adjustments, social determinants of health, and expense trends.
- Evaluating the predominant fee-for-service model's limitations for whole-person care strategies.
Main Results:
- Capitated payments and risk adjustments are key components of an interdependent approach to healthcare reform.
- Addressing social and structural determinants of health is crucial for optimizing outcomes.
- Expense trends indicate a need for efficiency-driven payment models.
Conclusions:
- The Whole Health paradigm offers a pathway to optimize financial performance for providers and improve patient health outcomes.
- Phased implementation of this model is both feasible and sustainable.
- Systemic reform requires a shift towards value-based care and holistic patient management.
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