By An­drew Web­ber

Modern Healthcare - - Special Feature -

Price is what you pay. Value is what you get.” While War­ren Buf­fett may not have been talk­ing about pur­chas­ing health­care ben­e­fits, I think he would agree that for too many years, em­ploy­ers, as the largest pur­chasers of health­care out­side of the fed­eral govern­ment, have put too much fo­cus on price and not nearly enough on value.

So it is apro­pos that once again Mod­ern Health­care’s Health­care Pur­chas­ing Power Sur­vey re­sults are re­leased the same week as the Na­tional Busi­ness Coali­tion on Health’s an­nual con­fer­ence. This week, nearly 500 health­care in­dus­try stake­hold­ers, in­clud­ing pur­chasers from across the nation, will con­vene in Washington to col­lab­o­rate on value-based pur­chas­ing strate­gies to im­prove health and trans­form health­care, and in so do­ing, bet­ter con­trol costs.

Value-based pur­chas­ing strate­gies can have pay­ment re­form, and con­sumer choice and en­gage­ment, value-based pur­chas­ing rep­re­sents a num­ber of ac­tiv­i­ties in which pub­lic and pri­vate pur­chasers mea­sure, re­port and re­ward health­care value.

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