Healthcare Finance NewsHealthcare Finance News
TwitterFacebookLinkedIn
  • Home
  • Topics
    • Capital Finance
    • Claims Processing
    • Community Benefit
    • Election 2012
    • Enterprise Content Management
    • Enterprise Resource Planning
    • ICD-10
    • Information Technology
    • Medical Banking
    • Policy and Legislation
    • Quality and Safety
    • Reimbursement
    • Revenue Cycle Management
    • Supply Chain
    • Workforce Management
  • Issues
    • May 2012
    • April 2012
    • March 2012
    • Jan/Feb 2012
    • December 2011
    • November 2011
  • Webinars
    • On Demand Webinars
  • White Papers
  • Blog
  • Jobs
  • Buyer's Guide
  • RSS
  • Press Releases
  • Slideshows
  • Videos
  • Podcasts
  • Supplements
  • Survey Analyses
  • Newsletters
  • Advertise
  • Login
  • Register
  • SUBSCRIBE
    • Newspaper
    • Email Newsletter
Home » News
Receive News By Email

  • del.icio.us
  • Digg
  • StumbleUpon
  • Reddit
  • Facebook
  • Google
  • RSS Icon
  

Report: U.S. needs ‘healthcare’ not ‘sick care’

July 15, 2010 | Chelsey Ledue, Contributing Editor

Suggested Content

  • New Zealand healthcare companies tour U.S. in search of investors, customers
  • Report shows more costly healthcare in U.S. doesn't mean better quality
  • Social media becomes a business intelligence strategy
  • CafeWell focuses on improving health of individuals, populations
  • Thomson Reuters announces sale of healthcare business
  • Healthcare costs grow more slowly
  • T.R. Reid talks about the good news in U.S. healthcare
  • Quality of care increased by strong work environment
  • Medical homes show value, at home and abroad

NEW YORK – A new report indicates that a combination of better-coordinated public- and private-sector care, stronger patient awareness of health risks and wellness and improved information systems to eliminate fraud and abuse could save $3.6 trillion over the next decade.

Such savings would represent a 50 percent reduction in wasteful spending in healthcare, according to the report, issued by New York-based Thomson Reuters.

Raymond Fabius, MD, Thomson Reuters' chief medical officer, said stakeholders in the healthcare system must do their part to achieve a major health culture shift in the United States.

"The simple reality is that in the U.S. we practice sick care, not healthcare,” he said. “The majority of our efforts are directed at highly expensive fixes to patients that are already ill, rather than keeping them healthy in the first place."

Fabius authored the report with Bob Kelley, vice president of healthcare analytics at Thomson Reuters' Healthcare & Science.

Fabius used obesity as an example of unnecessarily increasing costs in healthcare. Annual obesity-related costs have been estimated to be as high as $187 billion in 2008 dollars. Evidence indicates obesity underlies the most costly illnesses, like diabetes, heart disease and many types of cancers.

"Research indicates that higher productivity and commensurately lowered cost of care comes when people are repeatedly encouraged by their caregivers to stay well by making diet, lifestyle and behavioral changes,” Fabius said. “Purchasers of healthcare – primarily government and large employers – can incentivize their employees to make healthier lifestyle decisions and insist on healthier behavior in the workplace.”

“Finally, better motivated and educated patients can take more personal responsibility for themselves, their families and their friends in staying well,” he added.

According to the study, these actions can save between $37 million and $140 billion, depending upon how widespread the actions are adopted.

"Providers, payers and physicians can achieve their best results by intervening with young families to create improved wellness outcomes over time; the heavier burden for illness containment can then fall on treating older segments of the population,” said Fabius.

Related Topics:
  • New York
  • New York
  • Raymond Fabius
  • Thomson Reuters
  • United States

Reader Comments (0)Login to Post a Comment

Most Popular

Latest Headlines
Most Popular
  • 3 tips for hospitals to decide whether to build new facilities or renovate
  • HCCI: 2010 Healthcare spending outstrips inflation
  • Lessons in crisis management: Q&A with Allscripts CEO Glen Tullman
  • Twitter recap: Social media ROI reform
  • AMA offers online tool for physicians to assess driving ability of older patients
  • Hospitals face risk management head-on
  • Study: Magnet hospitals don't offer better working conditions for nurses
  • Number of people without health insurance rises
  • Are healthcare workers paid too much?
  • AARP lists 'top-ranked' U.S. hospitals
more news

WEBINARS AND WHITE PAPERS

  • ON DEMAND WEBINARS
    From Data to Decisions: Best Practices in Analytics for Payers
  • WHITE PAPERS
    Enabling Fast and Secure Clinician Workflow with One-Touch Desktop Roaming
  • WHITE PAPERS
    Case Study: Sentara Healthcare Saves Money and the Environment at the Same Time
  • WHITE PAPERS
    The Christ Hospital Case Study: Improving Operations and Ensuring the Best Possible Patient Care with ECM
  • ON DEMAND WEBINARS
    Case Study: Sentara Healthcare Completes an Award-Winning EHR with Enterprise Content Management
More Resources
Syndicate content

HEALTHCARE FINANCE JOB SPOT

  • Program Chair - Medical Billing and Coding (13113-139) - Sanford Brown Institute - Portland, OR
  • MEDICAL BILLING AND CODING INSTRUCTOR - PAT_Southeastern Institute - Charlotte, NC
  • Director of Self Pay Call Center - Renown Healthcare - Reno, NV
  • Senior Research Analyst - Southeast USA - ST-FSA w/ solid Healthcare Analytics or Financial Analysis exp (#35763) - D.W. Simpson Global Actuarial Recruitment - FL
  • Revenue Cycle Analyst - Marin General Hospital - Greenbrae, California
more jobs

Marketplace

Follow Healthcare Finance News on TwitterFan Healthcare Finance News on FacebookJoin Healthcare Finance News on LinkedInRSS Subscriptions
Digital EditionBlogEvents
JobsMobile SiteMobile App
 
Healthcare IT News Government Health IT EHRWatch Healthcare Payer News HITECHWatch ICD10Watch mHIMSS PhysBizTech NHINWatch
©2012 MedTech Media Healthcare Finance News is a publication of MedTech Media
Subscribe Advertise About Us Privacy Policy