First Posted at Cracking Health Costs on 4/18/2013
Much has been written lately about how hospitals can make more profit by having poor outcomes with patients. BTW—that is not news. That’s how it has always worked. It’s just now getting overdue attention. A good article about that was published in Forbes.
According to the article, “A new paper from researchers affiliated with Harvard, Boston Consulting Group, and nonprofit health care delivery system Texas Health Resources suggests that, in some cases, providing worse care pays off for hospitals.”
But the good news is that some companies are tackling this problem head on. “That’s why Wal-Mart (WMT) announced in 2012 that it would foot the entire bill for certain bundled treatments — heart, spine, and transplant surgeries — if employees go to one of six designated health care organizations for treatment.”
Corporate benefit managers: You do not have to sit there and watch hospitals make more profit by giving poor care to your employees. The other “buyers” in your companies would never dream of paying suppliers more money for shoddy and flawed supplies and services. Why do you?