The U.S. health care system does not work well for patients or providers. We now pay twice as much as other developed countries for health care, and the Centers for Medicare & Medicaid Services (CMS) expects Americans will spend $1 out of every $5 on health care by 2025. Our country does not get much
Rite Aid Corp. chairman and chief executive officer John Standley recently explained how retail pharmacies can promote value-based care in an opinion piece for the Philadelphia Inquirer/Daily News on Philly.com. Standley stresses that new payment models and value-based payments, which focus on the quality rather than the quantity of care, can help the nation grapple
Recently, U.S. Health and Human Services (HHS) Secretary Sylvia Burwell announced a lofty goal of tying 50% of all traditional Medicare payments to alternative payment models, such as accountable care organizations (ACOs) or bundled payment arrangements, by the year 2018. In announcing these ambitious goals, Burwell stated, “Whether you are a patient, a provider, a
