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Seeking the Cure for Escalating Cancer Costs

Seeking the Cure for Escalating Cancer Costs

By David Chesnick

Value-based care is changing the paradigm from “sick care” to “health care.”

Increases in the cost of traditional fee-for-service medical care have become unsustainable. Medicare, Medicaid and commercial carriers have seen the cost of cancer care rising 15 to 20 percent a year, while the economy is growing at less than 3 percent. It’s had a chilling effect on employers who are reluctant to make new hires, while individuals see their co-pays and deductibles steadily increase.

“Everyone has been looking for a way to adjust that,” according to Florida Cancer Specialists (FCS) Chief Operating Officer Todd Schonherz. “But how do we bend that curve? That’s where the concept of value-based care has come from.”

The idea behind value-based care is simple. Replace fee-for-service with a new model, one whose goal is, first and foremost, to improve the patient’s care and experience to achieve better outcomes, all while stemming the costs of care. In short, replace “sick care” with “health care.”

Read the full story in the Winter 2017 issue of Cancer 360-Plus magazine

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