Six Domains of Healthcare Waste and How to Address Them
A recent JAMA article identified six domains of healthcare that are responsible for $935 billion in wasted healthcare spend annually: Failure of Care Delivery Failure of Care Coordination Overtreatment/Low-Value Care Pricing Failure Fraud and Abuse Administrative Complexity That accounts for a staggering 25% of all healthcare dollars. On today's show, Change Healthcare's Chrissy Finn, Laura Coughlin, and Dr. Sean McCormick evaluate how the industry can address JAMA's Six Domains of Healthcare Waste. These include: Evidence-based medicine, team-based care, and alternative payment models (02:40) The role and responsibilities of stakeholders in reducing waste (09:17) Effective care coordination and management, and better engaging patients in their care (12:33) The highest priorities in reducing administrative complexity (16:40) Personalizing medicine via pharmacogenetics, predictive modeling, and AI (21:50) Episode Resources Chrissy Finn's bio Laura Coughlin's bio Dr. Sean McCormick's bio JAMA announcement Healthcare Finance News article Change Healthcare InterQual Show Resources SUBSCRIBE to the podcast using any podcatcher or RSS reader Download the audio and listen offline Get the iOS app Get the Android app Suggest or become a guest Contact Change Healthcare
