The price–cost disconnect in healthcare: Negative consequences and recommended remedies

Ellis Mac Knight

Management in Healthcare: A Peer-Reviewed Journal, 2016, vol. 1, issue 2, 157-162

Abstract: Payers and providers have been forced to scrutinise costs more over the last five to ten years of vigorous healthcare reform; however, this increased attention to costs has not been reflected in pricing, and a price–cost disconnect leads to many deleterious consequences. This paper outlines the negative results of this disconnect and recommends several ways in which this gap can be corrected to create a more cost-efficient healthcare economy, one of the goals of the so-called Triple Aim of healthcare reform.

Keywords: price–cost disconnect; consumer-driven cost efficiencies; bundled payments; value-based reimbursement; cost accounting; provider management; preservation of margins (search for similar items in EconPapers)
JEL-codes: I1 I10 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:aza:mih000:y:2016:v:1:i:2:p:157-162

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