May 19, 2022
Harvard Business Review recently published insight featuring Keith Marzilli Ericson, Associate Professor in Markets, Public Policy, and Law, on the topic of automated medical systems and their ability to transform primary care.
The article discusses the ability of algorithm-based decision-support tools to continuously improve outcomes, patient satisfaction, and costs in healthcare. According to research done by Keith and his colleagues on health care claims in Massachusetts, using an insurer that has negotiated lower prices could result in an employer saving around $750 to $1000 per employee each year. With the help of federal rules, self-insured U.S. employers are now able to see the rates health insurers negotiate with hospitals for various procedures. This article also provides lessons that will help health systems achieve their goal of being more “patient-centered” and provides strategies for fighting the pandemic.