{"id":8546,"date":"2013-10-07T16:00:38","date_gmt":"2013-10-07T20:00:38","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=8546"},"modified":"2013-10-07T16:00:38","modified_gmt":"2013-10-07T20:00:38","slug":"claiming-the-1-trillion-prize-in-us-health-care-mckinsey-company","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/07\/claiming-the-1-trillion-prize-in-us-health-care-mckinsey-company\/","title":{"rendered":"Claiming the $1 trillion prize in US health care | McKinsey &#038; Company"},"content":{"rendered":"<p>Even within a single local market, we have found that the cost to deliver the same &#8220;episodes of care&#8221; [medical situations characterized by a relatively clear outcome and relatively predictable start and end points (for example, most hospitalizations, pregnancies, upper respiratory infections, and hip replacements)] typically varies by 30 percent to well over 100 percent, even after we held constant the prices that hospitals, physicians, and other providers charge and risk-adjusted the costs to reflect patients\u2019 health status. The cost differences were unrelated to any discernible variation in care quality or outcomes. These results make it clear that some providers are dramatically more successful than others in addressing patients\u2019 needs. The strong providers achieve good results not by cutting corners but by developing (or adopting) best practices that enable them to deliver high-quality outcomes at lower cost.<\/p>\n<p>Read more at <a href='http:\/\/www.mckinsey.com\/insights\/health_systems_and_services\/claiming_the_1_trillion_prize_in_us_health_care?cid=other-eml-nsl-mip-mck-oth-1310'>Claiming the $1 trillion prize in US health care | McKinsey &amp; Company<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even within a single local market, we have found that the cost to deliver the same &#8220;episodes of care&#8221; [medical situations characterized by a relatively clear outcome and relatively predictable start and end points (for example, most hospitalizations, pregnancies, upper respiratory infections, and hip replacements)] typically varies by 30 percent to well over 100 percent, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/10\/07\/claiming-the-1-trillion-prize-in-us-health-care-mckinsey-company\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Claiming the $1 trillion prize in US health care | McKinsey &#038; Company&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[1259,1363,1661,2589],"class_list":["post-8546","post","type-post","status-publish","format-standard","hentry","category-economy","tag-episodes-of-care","tag-fee-for-service-reimbursement","tag-health-care","tag-outcomes-based-payment"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Claiming the $1 trillion prize in US health care | McKinsey &amp; Company - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Claiming the $1 trillion prize in US health care | McKinsey &amp; 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By contrast, Medicare returns 94 cents in the dollar,\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7862,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/03\/the-u-s-health-care-system-doesnt-need-price-controls-it-needs-price-signals-reason-com\/","url_meta":{"origin":8546,"position":1},"title":"The U.S. Health Care System Doesn\u2019t Need Price Controls. It Needs Price Signals | Reason.com","author":"ColinTwiggs","date":"June 3, 2013","format":false,"excerpt":"Peter Suderman discusses two articles which attack the high cost of health care in the USA: Both pieces offer essentially the same thesis: The U.S. spends too much on health care because the prices Americans pay for health care services are too high. 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Capitalist\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7389,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/02\/mitch-mcconnell-prepares-to-give-barack-obama-the-political-shellacking-of-a-lifetime-forbes\/","url_meta":{"origin":8546,"position":3},"title":"Mitch McConnell Prepares To Give Barack Obama The Political Shellacking Of A Lifetime &#8211; Forbes","author":"ColinTwiggs","date":"April 2, 2013","format":false,"excerpt":"Ralph Benko shares an insight on US healthcare from columnist Warren Brookes on Forbes: Brookes shared an indelible insight. He observed that it was possible to provide good health care at an affordable cost through the free market, rationing it by price. And it was possible to provide good health\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12177,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/17\/what-are-we-afraid-of-universal-healthcare-in-market-orientated-health-systems\/","url_meta":{"origin":8546,"position":4},"title":"What are we afraid of? Universal healthcare in market-orientated health systems","author":"ColinTwiggs","date":"August 17, 2015","format":false,"excerpt":"From the new IEA (Institute of Economic Affairs) report on the UK's NHS (National Health System) by Kristian Niemietz 2 Apr 2015: .......The NHS is often unduly eulogised for minor achievements, because it is being held to unrealistically low standards. The NHS should not be compared with the state of\u2026","rel":"","context":"In &quot;Interests&quot;","block_context":{"text":"Interests","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/interests\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8471,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/23\/saving-medicare-the-case-for-market-based-health-reform\/","url_meta":{"origin":8546,"position":5},"title":"Saving Medicare: The Case for Market-Based Health Reform","author":"ColinTwiggs","date":"September 23, 2013","format":false,"excerpt":"In a paper to Catholic Health Conference Australia, Jeremy Sammut highlights the need for revision of Australia's national health care system. ....health spending already consumes a third of the NSW budget..... and if health spending continues to grow at current rates, health will consume the entire NSW budget in 20\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8546","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=8546"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/8546\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=8546"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=8546"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=8546"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}