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EP413: The Intersection of Healthcare Waste, Value-Based Care, and the Potential Rising Power of PCPs, With Will Shrank, MD
Relentless Health Value™
English - October 05, 2023 10:30 - 35 minutes - 32.4 MB - ★★★★★ - 203 ratingsMedicine Health & Fitness Business healthcare pharma Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Reducing Healthcare Waste: Aligning Incentives and Empowering Primary Care Physicians
To read the full article and show notes with links mentioned as well as a full transcript, click here.
In Episode 413 of 'Relentless Health Value,' Stacey Richter interviews Dr. Will Schrank on the intersection of healthcare waste, value-based care, and the rising influence of primary care physicians (PCPs). Dr. Schrank's extensive background includes roles at CMMI, CVS Health, UPMC, and Humana, and he is currently a venture partner at Andreessen Horowitz. The discussion delves into a study estimating nearly a trillion dollars of annual waste in U.S. healthcare, categorized into administrative failures (fraud, complexity, pricing) and clinical failures (care coordination, delivery, low-value care). Solutions like aligning financial incentives with higher quality care and primary care-driven models are explored. The episode also highlights challenges in shifting away from fee-for-service models, the potential evolving power of banded PCP groups, and the imperative for health systems to adopt value-based approaches.
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