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Peter B. Bach, MD, Discusses How ACOs and PCHMs Drive Cost Savings
Peter B. Bach, MD, MAPP, director, Center for Health Policy and Outcomes, and attending physician at Memorial Sloan-Kettering Cancer Center, says accountable care organizations (ACOs) and patient-centered medical homes (PCMHs) may have the potential to drive cost savings, especially in clinical areas such as readmissions.
Peter B. Bach, MD, MAPP, director, Center for Health Policy and Outcomes, and attending physician at Memorial Sloan-Kettering Cancer Center, says accountable care organizations (ACOs) and patient-centered medical homes (PCMHs) may have the potential to drive cost savings, especially in clinical areas such as readmissions.
“Everything we try in healthcare seems at first blush to have the potential to save costs,” he says, “and 1 of the 2 reasons it fails to happen is because you end up getting ‘very heavy patient selection issues’ so you end up with a group that isn’t representative, and the processes can’t be generalized to — in many cases — the high cost drivers of care.”
The other reason he suggests is the fixed and ongoing costs in ACOs and PCHMs, for example increased staffing. Overall, he says, it’s “vastly more important for patients.”
Balancing Life and Myeloma: A Patient-Centered Approach
November 22nd 2024In this second part of our discussion with Don M. Benson, MD, PhD, from our recent Institute for Value-Based Medicine® event in Cleveland, Ohio, he explains how his ultimate goal for his patients is for them to live as long and as well as possible.
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Community Investment, Engagement Are Essential to Fully Address Cardiovascular Health Disparities
November 19th 2024Community-based researchers can teach clinicians a lot about how to best approach underserved populations disproportionately impacted by cardiovascular health complications.
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