Offering value-based healthcare to your pharmacy’s patients begins with examining what value means. In healthcare, we define value as measured improvement in an individual’s health outcomes viewed against the cost of achieving that improvement.
Although this approach to healthcare is sometimes viewed through the lens of additional considerations — quality of improvement, patient satisfaction, cost reduction — these factors should not be conflated with value. Ultimately, value focuses on improving patient health outcomes.
Valued-based healthcare is best implemented at a facility using a strategic framework. Here’s what you need to know about the steps in this framework and how you can improve the care at your pharmacy or clinic.
We offer value-added clinical services, through proven neuropathy care programs, to convenient care centers, pharmacies, chiropractors, and physical therapists. As a result, we often get asked about the benefits of offering value-added services to your patients.
While we could make a lengthy list to answer this question, the bottom line is this: providing medications alone is no longer enough. And this proves especially true when it comes to treating peripheral neuropathy, a condition that pill-popping alone won’t solve. Customers want more, which means including value-added services as a vital component of your facility’s offerings.
Keep reading to learn more about this strategy and the big payoffs it could yield to your company.
At the beginning of September 2022, UnitedHealth Group and Walmart announced a new partnership within the convenient care clinic space. Many experts believe this represents a game-changer when it comes to the future of healthcare in America. Convenient care sites provide low-acuity care, including retail clinics and urgent care. Besides UnitedHealth Group and Walmart, other brands already invested in this new direction include CVS and Walgreens.
Although these companies have been making forays into the medical care industry for the past decade, the last two years have witnessed the biggest gains and disruptions. In the wake of these developments, primary care providers are facing increased pressures to provide patients with the right care in the proper setting.
Keep reading to learn more about the future of healthcare and where convenient care clinics fit into the mix.
Walmart and UnitedHealth Group Partner to Bring Value-Based Healthcare to Customers
In 1970, healthcare spending in the United States totaled $74.1 billion and ballooned to $1.4 trillion by 2000. Two decades later, these costs tripled, tallying in at $4.1 trillion. From 2019 to 2020, health care spending shot up by 9.7 percent, more than double the 2018 to 2019 figure. What these stats make clear is healthcare spending is on the rise, and Americans need more affordable healthcare options.
One way to provide these options involves shifting towards convenient care centers. A trend underscored by Walmart and UnitedHealth Group’s recent announcement that they have joined forces in a long-term, value-based healthcare partnership.
Here’s everything you need to know about this development and what it says about the future of healthcare in America.