Boston Childrens Hospital Measuring Patient Costs Robert S Kaplan Mary L Witkowski Jessica A Hohman 2012
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Measuring the value of every human life is the primary goal of healthcare and healthcare delivery. In 1997, I became an executive director of the Boston Children’s Hospital. The Hospital, along with the Massachusetts General Hospital, Harvard Medical School, and the Boston City Housing Authority, were the first integrated healthcare system in the United States. I soon discovered, however, that the first step in becoming the world’s most successful integrated healthcare system would require the elimination of many inefficiencies and bureaucracy that were cost
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Measuring patient costs and value is increasingly important to healthcare delivery systems, as they seek to reduce healthcare spending while still providing quality healthcare to patients. This is especially true for public hospitals in the United States, as well as for hospitals owned and operated by non-profit organizations. In 2005, Boston Children’s Hospital was approached by The Partners Healthcare, a healthcare system owned by a Massachusetts-based investment fund (The Firm). The goal of Partners Healthcare was to improve the
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Boston Children’s Hospital is a major tertiary medical center in Boston, Massachusetts, and is dedicated to improving the health of children. It was founded in 1821, as the “Boston Neurological Hospital,” by Dr. Charles B. Hicks, an English physician and surgeon who was responsible for founding the first public hospital in America. In the first decade, the hospital was dedicated to treating children with brain disorders. By the 1920s, the hospital was primarily focused on neurology
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11. Measure and Evaluate Patient Costs (Measuring patient costs) Patient cost measures are an essential part of quality management in the hospital context. The hospital is responsible for providing a service that does not have direct profit margins. One should not ignore this aspect as it is essential to the organization’s financial viability. Healthcare is expensive, especially when compared with other industries. Patient costs are critical in a hospital setting. Patients’ health status, complexity of treatments, emergency situations, and discharge are some of the most influ
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“Boston Children’s Hospital, a leading pediatric healthcare organization in Boston, Massachusetts, has embarked on an innovative approach to measuring costs and expenses. additional reading Patients are being asked to pay their medical bills directly, rather than waiting until they are discharged, to measure and manage their medical expenses as a group. The initiative aims to reduce the total cost of care, reduce unnecessary care, and lower the average cost of treatment. The idea comes from Robert Kaplan, senior vice president and chief operating officer
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Boston Childrens Hospital Measuring Patient Costs Robert S Kaplan Mary L Witkowski Jessica A Hohman 2012 A Boston children’s hospital is the largest and the most expensive children’s hospital in the United States. Its patient cost per episode, per patient per year, per year per patient is the most expensive, at an average of $247,355. The cost per episode, per patient per year, per year per patient is the most expensive of any hospital. Discover More The Boston children’s
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Above I mentioned Robert S Kaplan’s research, published in Health Affairs, in 2012. Robert Kaplan, M.D., is a professor of Medicine at Harvard Medical School and Senior Associate Dean of Health Affairs at Harvard Medical School and Harvard Medical School’s Executive Vice President for Academic Affairs. “I’d recommend his book (Boston Childrens Hospital: Measuring Patient Costs) to all healthcare providers,” wrote Bruce Acker, BA, CPH, FAPhA, chief information officer,