FIVE MARKET-TESTED STRATEGIES FOR REDUCING WASTEFUL HEALTHCARE SPENDING
Our new white paper, “A Path to Eliminating $3.6 Trillion in Wasteful Healthcare Spending,” charts a course for the U.S. healthcare industry to eliminate $3.6 trillion in healthcare waste over the next 10 years by addressing a series of operational inefficiencies.
The paper analyzes the country’s leading public and private sector efforts to reduce waste in the healthcare system and identifies five proven strategies that have been deployed in the real world to cut costs and improve patient care:
1. Engage Consumers
2. Coordinate and Share Information
3. Manage Disease and Maintain Wellness
4. Design for Patient Safety and Quality
5. Reduce Opportunities for Fraud
By systematically incorporating these best practices into the organizational structure of the healthcare industry, the new paper says it’s possible to cut waste 5 percent per year. Over 10 years, that would add up to $3.6 trillion and keep total healthcare expenditures at their current rate of about 17 percent of the nation’s gross domestic product (GDP).
“A Path to Eliminating $3.6 Trillion in Wasteful Healthcare Spending” is coauthored by Bob Kelley, vice president, healthcare analytics and Dr. Ray Fabius, chief medical officer, both of Thomson Reuters. It is a follow-up to Kelley’s ground-breaking paper “Where Can $700 Billion Be Cut Annually from the U.S. Healthcare System?” that was cited in numerous blogs, broadcasts, newspapers, business journals, trade magazines, and congressional testimony.
Download the paper now.
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 | GET THE FACTS. ELIMINATE WASTE.
Find out how to save $3.6 trillion in wasteful healthcare spending over the next decade. |
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What can you do to combat wasteful spending in your organization? In our latest white paper, we discuss the most significant challenges facing the industry, highlight five best practices to help reduce waste, and illustrate specific targets with real-life examples. Download your copy to learn more today.
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EXPERT SPOTLIGHT
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Bob Kelley
Vice President,
Healthcare Analytics
In his role with Thomson Reuters, Bob is responsible
for the development and ongoing enhancement of
all analytical methods incorporated in the decision
support applications. These applications are used
by health plans and large employers to measure
and evaluate provider performance and to identify
opportunities for improvement.
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Ray Fabius, MD, CPE, FACPE
Chief Medical Officer
Dr. Fabius is Chief Medical Officer for the Healthcare & Science business of Thomson Reuters. He is
responsible for thought leadership, strategy, client relations, and clinical direction. Dr. Fabius previously
served as Strategic Adviser for Walgreens Health & Wellness assisting them in their approach to population
health.
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