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Healthcare expenditures currently account for 18% of the United States Gross Domestic Product (GDP). Some experts have suggested that an emphasis on value may be an effective strategy to evaluate healthcare costs. In a recent article published in the inaugural issue of JBJS Reviews, authors Benedict U. Nwachukwu, MD, MBA; Kamran S. Hamid, MD, MPH; and Kevin J. Bozic, MD, MBA, argue that understanding value necessitates measuring outcome and cost at the patient level, and that the focus should be on results from validated disease-specific patient-reported outcome measures and health-related quality-of-life measures, measured across the continuum of a patient's care cycle.
"As the United States healthcare system shifts from one that rewards and incentivizes volume and intensity of services delivered to a more value-conscious payment and delivery system, orthopaedic surgeons will increasingly need to understand and implement the principles of value-based healthcare, " said Dr. Bozic, orthopaedic surgeon, health policy researcher, and senior author of the study. "Our manuscript outlines some of the key principles and strategies that will enable orthopaedic surgeons to collaborate with other healthcare stakeholders to improve the value of musculoskeletal care."
"Medical practice around the world is changing rapidly. Aspects of patient care that historically have been costly in terms of dollars spent and adverse events incurred are coming under much greater scrutiny," explained Thomas A. Einhorn, MD, Editor of JBJS Reviews. "While many have suggested that an emphasis on value may be an effective way to control costs in health care, the value framework is poorly understood. This article clarifies many of these concepts and provides a basis on which orthopaedic surgeons and trainees can understand important issues for the future of orthopaedic practice as the rapidly changing environment surrounding us continues to take hold."
Disclosure: None of the authors received payments or services, either directly or indirectly (i.e., via his or her institution), from a third party in support of any aspect of this work. One or more of the authors, or his or her institution, has had a financial relationship, in the thirty-six months prior to submission of this work, with an entity in the biomedical arena that could be perceived to influence or have the potential to influence what is written in this work. No author has had any other relationships, or has engaged in any other activities, that could be perceived to influence or have the potential to influence what is written in this work. Complete Disclosures of Potential Conflicts of Interest are available.
Article adapted by Medical News Today from original press release. Click 'references' tab above for source.
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Journal of Bone and Joint Surgery. "Measuring the value and impact of orthopaedic care." Medical News Today. MediLexicon, Intl., 30 Nov. 2013. Web.
23 Apr. 2014. <http://www.medicalnewstoday.com/releases/269430>
Journal of Bone and Joint Surgery. (2013, November 30). "Measuring the value and impact of orthopaedic care." Medical News Today. Retrieved from
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