The Institute For Healthcare Improvement

1338 Words Jul 19th, 2015 6 Pages
Bending the cost curve as it relates to this study is when care is organized to meet the needs of a given population. Relationships between parties, who typically may not have had traditional partnerships, were formed so collectively they can grow the strengths and diminish the weaknesses. In the case study, the Institute for Healthcare Improvement (IHI) implemented integrators that bridged the gaps and were instrumental in forging the partnerships necessary to bend the cost curve (McCarthy & Klein, 2010). Beyond the case study, the cost curve is bending slightly due to many factors. First economic downturn in 2008 and 2009 saw many individuals lose employment and many lost employer sponsored plans. Many minimized the utilization of healthcare, while others simply did not seek healthcare because they could not afford to do so. Also, as health costs have increased over the years, individuals have demanded more transparency from their employer and healthcare provider regarding costs. Individuals are seeking information about the costs associated with procedures before they occur. Historically, when high deductible plans were the exception, individuals were less likely to calculate the cost of care prior to having procedures done, but now with high deductible plans being the norm, some individuals look for alternative cost effective care.
QuadMed has successfully implemented Triple Aim as their employer-sponsored healthcare plan. QuadMed is large…
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