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Q: With value playing such a big role in healthcare today, what overall efforts are underway at the Digestive Disease & Surgery Institute to ensure the best care is provided to patients?
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A: Provision of value is today’s key concept in healthcare. Value includes improving the quality or outcome of care while maintaining or reducing cost.
This is crucial because 50 percent of hospitals in the United States are currently losing money on clinical operations. Improving the value ratio is critically important for the Cleveland Clinic and other hospitals to sustain our healthcare system.
With changes in insurance, patients are also increasingly hit with out-of-pocket deductible expenses. It is our duty as providers to reduce the cost of care to keep our healthcare system viable and to improve affordability for each individual patient.
But how? To do this, we must approach the value equation from several different perspectives. First and always, we must focus on maintaining or improving the quality of care that we provide our patients. Interestingly, there is abundant evidence that as we improve and standardize care pathways, we do improve the quality of care ― and we almost always reduce the cost.
Particular areas we focus on:
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It’s a critical focus for us at the Digestive Disease & Surgery Institute to concentrate on value (meaning outcome and cost) to always improve the quality of care we provide our patients whilst making it as affordable as possible.
— Conor Delaney, MD, PhD
Chairman, Digestive Disease & Surgery Institute
Cleveland Clinic
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