![]() The MBGH report suggests strategies employers should deploy, such as analyzing their own data to identify price and utilization trends pegging payments to Medicare prices setting fair prices in new payment models and selecting netowrks with high quality/safety performance. The impact of price on spend means that employers need to change their purchasing approach, moving away from the traditional focus on discounts, to more targeted purchaser strategies that unpack the growth spend and address the underyling factors of price, utilization, and quality/safety. ![]() Memphis may be fairing better than many markets but we should not take comfort that our high prices are lower than high prices in other markets. average is too high and is increasing significantly across all categories and local rates are increasing similarly (except for inpatient). Since employers and their employees and families are paying for these price increases, they are the ones bearing this burden often to the detriment of their own business and personal financial status.Īlthough prices in Memphis were consistently below the U.S. If the health care system wants to maximize revenue while experiencing declining utilziation, the only reaction is for them to increase prices. It is not surprising that as utilization has declined (almost across the board), price has increased. Please refer to the publications on for detailed descriptions of data sources, methods, and limitations of this information.
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