By Robert E. Grant
At this year’s HIMSS (Healthcare Information and Management Systems Society) conference, which explores, shares and promotes the best use of information technology and management systems in the U.S. healthcare industry, more than 40,000 health IT professionals, clinicians, executives and vendors from around the world gathered in Las Vegas, Nevada.
Among key industry trends taking center stage, attendees, exhibitors and presenters focused on finding ways to succeed in emerging value-based care models and patient engagement. And it’s about time. With the current model based on fees for services and prioritizing insurance providers and pharmaceutical companies first, patients continue to find themselves at the bottom of a soaring $3.4 trillion industry.
With the U.S. spending more on healthcare than any other country in the world at $10,348 per person—which amounts to nearly 18 percent of gross domestic product—it is indisputable that patients continue to pay more while receiving less. In addition to an increasing number of post-mortem reports highlighting this troubling predicament, Mirror, Mirror 2017: International Comparison Reflects Flaws and Opportunities for Better U.S. Health Care released by the Commonwealth Fund puts into harsh perspective just how far America’s healthcare system has plummeted.
Rather than leading the world, the U.S. has fallen to last place on a list of the top 11 countries with similar high-income populations, scoring poorly in nearly every category, including administrative efficiency and healthcare outcomes, and reinforcing the notion that high spend is no guarantee for high quality. [Read more…]