Often organizations possess an innate hesitation to make dramatic changes, especially when discussing exceptionally large or complex organizations. This is a great analogy for healthcare reform. Fortunately for those heading up the reform aspects, there are built-in trial period to minimize the risk level as the organization is working through potential issues.
An individual who stands out in the industry as being superb at overhauling and restructuring healthcare payment reform is Deirdre Baggot. Deirdre Baggot holds a Doctor of Philosophy degree, a Master’s in Business Administration, and is a Registered Nurse, all educational pursuits which will continue to benefit her in helping to conduct healthcare reform. Her Registered Nursing degree allows her to have experienced true hands-on patient care, while the Ph.D. and MBA provide her with essential business skills to ensure that she is able to deal with employees, department heads, board members, and individuals on every level of business. Follow Deirdre Baggot on Instagram
One key strategy that Deirdre Baggot aims to implement, and encourages other health systems to do so as well, is the bundled payment system. Infant mortality rates have experienced a drastic reduction while life expectancy has continued to increase, thus demonstrating that our healthcare system must be functioning well in some regards, but there remains a significant segment open to improvement as seen by medical malpractice sustaining the number three position for causes of death here in the United States.
In terms of billing, some studies cite up to 80% of healthcare bills contain errors. One remedy to this significant concern for patients, physicians, and staff members lies in bundled payment systems. Admittedly, it is no simple task to transition from traditional fee-for-service billing to bundled payment; however, once a collaborative atmosphere is established that demonstrates clear supportive data and potential benefits, it should be a relatively smooth transition.