Care Variation Management: Make Your Health System a Value Player
Managing the cost of care is not easy, especially with so many variables across the patient's experience. And let's face it, you're dealing with a human; they're unique.
The data confirms that managing variation in healthcare can lead to shorter lengths of stay, use of less-expensive medical materials that are as effective as more-expensive options and optimization of administered tests and medications. Simply put: When done right, care variation management improves clinical quality, lowers costs and increases overall value for the patient.
In our latest article "Managing Care Variation in the Midst of Change," we explore three success strategies health systems should adopt to begin effectively managing variation in care. And we highlight how one health system will save more than USD 2.7 million in 2017 by eliminating unnecessary clinical variation.
Here are three additional strategies and resources to help guide you in your systems journey to better managing care.
1. Create interdisciplinary teams
This webinar focuses on how financial and clinical interdisciplinary teams combined efforts and expertise to manage care variation across the patient journey in the context of alternative payment models (e.g., Bundled Payments for Care Improvement). Working together, the interdisciplinary teams set a strategic framework for building successful analytical, clinical and operational models across the continuum of care – demonstrating a best-practice example of interdisciplinary teamwork.
2. Know your true costs of care
In “Understanding the True Cost of Care,” Huron managing director Jeff Jones discuss why it’s important to know actual costs – not just revenues and expenses – tied to delivering services across the continuum of care. Knowing specific costs for specific conditions, or knowing costs compared to outcomes, helps ensure care is delivered with limited variation from patient to patient, at the highest quality and lowest cost.
3. Build a foundation in care variation management
In “Strategic Direction Amid Health Policy Uncertainty,” Nate Kaufman, a strategic advisor to Huron and managing director and founder of Kaufman Strategic Advisors, LCC, says there is a “strong correlation between lowering cost, improving quality and clinical variation across the patient journey.” As such, health systems with a strong foundation in care variation management will emerge as value players within their market – setting the stage for success.