Cost Value-Based Care

The services that account for most of providers’ profits in hospitals, such as radiology and ambulatory surgery are also usually available as outpatient clinics for both profit and non-profit healthcare organizations (Dafny & Lee, 2016). Consumers of healthcare have been largely insulated from costs of these services as well and thus have had little power to do bargain hunting.
The better statement to make would be better data on outcomes and costs is essential to designing and optimizing lower cost value-based care that also offers quality (Dafny & Lee, 2016). I think I have only seen billboards advertised in full view of the customer the cost and quality of their healthcare was for plastic surgery procedures. In other sectors of the
economy, competition improves quality and efficiency, spurs innovation, and drives down costs (Dafny & Lee, 2016). Perhaps if the FTC were to challenged more hospital mergers and acquisition deals it would increase competition, but I think more help by insurance agencies to let consumers know the varying cost and quality in their neighborhoods for healthcare services would go further to decrease the cost of healthcare dollars spent.