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Beyond health care cost containment: creating collaborative arrangements among the stakeholders
Author(s) -
Young David W.,
McCarthy Sheila M.,
Barrett Diana,
Kenagy John W.,
Pinakiewicz Diane C.
Publication year - 2001
Publication title -
the international journal of health planning and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.672
H-Index - 41
eISSN - 1099-1751
pISSN - 0749-6753
DOI - 10.1002/hpm.631
Subject(s) - stakeholder , business , health care , context (archaeology) , value (mathematics) , public relations , knowledge management , stakeholder engagement , stakeholder analysis , containment (computer programming) , intervention (counseling) , process management , nursing , medicine , computer science , political science , economics , economic growth , paleontology , machine learning , biology , programming language
The causes of escalating healthcare costs in the United States and many other industrial countries are well documented. Less evident are the structural factors that underlie the increases and their implications for the future. This paper discusses these structural factors, puts them in the context of the healthcare marketplace, and proposes a way to address them using a collaborative arrangement among all stakeholders in a healthcare system, called value‐based partnering . To be successful, the effort must include not only final purchasers (such as employers or Medicare in the USA) but all stakeholders in a healthcare system. Each stakeholder must develop a value equation in terms that are meaningful to the others, and must identify opportunities for value‐enhancing partnerships. The paper also identifies some of the impediments to value‐based partnering and discusses ways to overcome them, including the need for senior management intervention within some stakeholder groups, and the importance of collaborative discussions among all stakeholders. Copyright © 2001 John Wiley & Sons, Ltd.