Health Policy

Consumer-Driven Health Care: Implications for Providers, by Regina E. Herzlinger

By Regina E. Herzlinger

Professor Herzlinger records how the consumer-driven well-being care move is being carried out and its influence on insurers, companies, new intermediaries, and governments. With extra contributions by way of well-being care’s best strategists, innovators, regulators and students, Consumer-Driven well-being Care provides a compelling imaginative and prescient of a health and wellbeing care method outfitted to meet the folk it serves.This complete source comprises crucial considering at the subject and compelling case experiences of consumer-driven future health care (CDHC) in motion, the following and overseas, together with new consumer-driven intermediaries for info and aid; different types of insurance policy; concentrated factories for offering wellbeing and fitness care; custom-made medicinal drugs and units; and govt roles.

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Simple. The stars told me. The Morningstar stars, that is, that indicate evaluations of mutual funds. With a five-star rating system, Morningstar evaluates the following dimensions of each fund it analyzes: performance, risk, ownership, management, and cost. As you can guess I am a Morningstar fan. I like the clarity and expertise of its presentations. Like a bantamweight boxer, those little stars pack a big wallop. Morningstar’s history is similar to Vanguard’s. It too was formed by an eccentric, competent visionary.

Andrew Samwick, professor at Dartmouth University; Ralph Snyderman, executive dean of the School of Medicine, Duke University; and Mark Tierney, chairman of eBenX. ” All remaining errors and lapses in logic, clarity, and good taste are mine. Kudos too to my former MBA students who traveled from all over the United States, at their own expense, to help facilitate the conference—Sarah Bua, Amy Burroughs, Judith Toran Cousin, Matthew Eyring, Todd Farha, Jefferson Greyling, Michael Kaswan, Stacey Lauren, Alfred Martin, Thomas Nagle, Joanne Nardone, Steve Nelson, Thomas Policelli, Sharon Reich, Jenny Ulin, and Scott Walton.

I buy only one car. Why should they reduce their prices for me? The answer is that in the competition for my business, they will continue to cut their price up to the point where the revenue from the extra volume they bring in is equal to the extra cost of making and selling that additional car. Do you smell something in the air? It is the stale aroma of your freshman college economics course. Price equilibrium is achieved at the point where marginal revenue equals marginal cost. Yes, the second key ingredient in a competitive market is a downwardsloping demand curve, the old standby of Economics 101.

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