Operations
The contribution is among the largest of any hospital in the nation to address the social determinants of health, according to the non-profit health system.
Administrative complexity accounted for the most waste, estimated at $256.6 billion, and pricing failure was a close second.
Members are given financial and other rewards for participating.
While there's no universal standard for what constitutes a preventable ICU admission, those with chronic medical conditions may be good candidates.
Organizations that can better predict volumes and react to changes will have a competitive advantage in the industry.
A record number are using the internet or mobile apps to comparison shop, and among those who do, 39% have changed their provider.
Drugs were administered in a series of surges and lulls that corresponded to changing shifts rather than patient need.
Santosh Mohan, managing director of the Digital Health Innovation Hub at the Brigham and Women's Hospital, says reducing administrative burden is an oft-overlooked first step to innovation.
Insurers can offer premium discounts or other incentives to engage in healthy activities, but questions remain as to whether wellness programs work.
The 5% increase in employer-sponsored insurance is coming at a time when 2020 premiums in the Affordable Care Act and Medicare Advantage markets are at their lowest levels.