What is it about?
The financial risk in health care commissioning is driven by the volatility in admissions for certain conditions. Elderly admissions are investigated to see which conditions (diagnoses) show the highest volatility.
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Why is it important?
Health care commissioning is a high risk endeavor.
Perspectives
The government in England implemented the purchaser provider split back in the early 1990's. The exact magnitude of the financial risk to both parties has never been openly discussed, perhaps because it is simply far too high. It would seem that it is far easier to lay blame to the NHS than admit financial failure is an inevitable outcome. Part of a longer series on financial risk in healthcare purchasing, see http://www.hcaf.biz/2010/Publications_Full.pdf
Dr Rodney P Jones
Healthcare Analysis & Forecasting
Read the Original
This page is a summary of: Financial risk and volatile elderly diagnoses, British Journal of Healthcare Management, February 2013, Mark Allen Group,
DOI: 10.12968/bjhc.2013.19.2.94.
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