1. Measuring the Cost of the Patient-Centered Medical Home
- Author
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George Valko, Colleen Payton, Robert D. Lieberthal, and Mona Sarfaty
- Subjects
Medical home ,Accounting method ,business.industry ,030503 health policy & services ,Health Policy ,Cost accounting ,Article ,03 medical and health sciences ,0302 clinical medicine ,Accounting ,Patient-Centered Care ,Costs and Cost Analysis ,Humans ,Operations management ,030212 general & internal medicine ,Business ,0305 other medical science ,Delivery of Health Care ,Quality assurance ,health care economics and organizations ,Health policy ,Patient centered - Abstract
To explore the cost for individual practices to become more patient-centered, we inventoried and calculated the cost of costly activities involved in implementing the Patient-Centered Medical Home (PCMH) as defined by the National Committee for Quality Assurance. There were 3 key findings. The cost of each PCMH-related clinical activity can be classified in 1 of 3 major categories. Cost offsets can be used to defray part of the cost recognition. The cost of PCMH transformation varied by practice with no clear level or pattern of costs. Our study suggests that small- and medium-sized practices may experience difficulty with the financial burden of PCMH recognition.
- Published
- 2017
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