LOS ANGELES CA, USA -- HEALTHCARE UPDATE NEWS SERVICE -- JULY 15, 2021: "In the existing system without alternative payment models, if waste gets eliminated it is effectively owned exclusively by the payer. These new payment models take some of that ownership of that waste, if you will, and give it to the delivery system. So if they can eliminate it, they can keep some of the savings," says Michael Chernew, PhD, Leonard D. Schaeffer Professor of Health Care Policy and Director of the Healthcare Markets and Regulation Lab at Harvard Medical School, and Chair of MEDPAC.
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In this new episode, "How Waste in Healthcare Can Be An Asset in APMs," Dr. Chernew talks about the premise of his recent JAMA article, "A Path Forward for Alternative Payment: Build a Portfolio Not a Garden."
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Subscribe to APG on American Healthcare (and please rate us!) on Apple iTunes, Spotify, Google Play, and Amazon. Episodes are also available, along with transcripts, on the APG website.
Send your podcast ideas to firstname.lastname@example.org.