Cardiovascular Business November 7, 2019
Medicine is moving farther from its fee-for-service roots and closer to more individualized, value-based care—a phenomenon that could benefit a growing number of home-based care programs, according to data presented at MedAxiom’s CV Transforum in Dana Point, Calif.
At the annual fall meeting, Richard Rakowski, co-founder and CEO of a Boston-based “virtual hospital” system known as Medically Home, underscored both the clinical and economic benefits of transitioning to a home-based system for chronically ill patients. He said fixed costs are the number-one issue in healthcare today, noting that the U.S. spends as much on brick-and-mortar hospitals each year as it allocates for its entire defense budget of $800 billion.
“It’s just a stunning number,” Rakowski said. “Strategically, we’re borrowing money...
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