Executive Briefing | October 21, 2016
The Value Challenge, Again
In the era of value-based reimbursement, measuring the “cost” part of the equation has been easy, but measuring “value” has proven to be a bit trickier. I’m a big fan of ratings: I like Rotten Tomatoes for movies, Consumer Reports for washing machines, and TripAdvisor for restaurants. But I know that measurement statistics of all types can be fraught with challenges. To quote Mark Twain, “There are lies, damned lies, and statistics.”
The new Centers for Medicare & Medicaid Services (CMS) STAR ratings for hospitals offers a timely example of these kinds of challenges. Released on July 27 . . .
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