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

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  • Knight, Ellis Mac

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.

Suggested Citation

  • Knight, Ellis Mac, 2016. "The price–cost disconnect in healthcare: Negative consequences and recommended remedies," Management in Healthcare: A Peer-Reviewed Journal, Henry Stewart Publications, vol. 1(2), pages 157-162, June.
    • Handle: RePEc:aza:mih000:y:2016:v:1:i:2:p:157-162
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    More about this item

    Keywords

    price–cost disconnect; consumer-driven cost efficiencies; bundled payments; value-based reimbursement; cost accounting; provider management; preservation of margins;
    All these keywords.

    JEL classification:

    • I1 - Health, Education, and Welfare - - Health
    • I10 - Health, Education, and Welfare - - Health - - - General

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