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In their joint op-ed, Dr. Daniel Stein, founder and CEO of Embold Health, and Rivka Friedman, Executive Director and Head of Healthcare Innovation at Morgan Health, shed light on the critical intersection of quality and cost in healthcare.
“It's no secret that there is significant variation in provider quality across our healthcare system. This inconsistency both drives up costs and can worsen patient health outcomes,” said Dr. Stein, “At Embold, we’re dedicated to not only creating common standards for assessing care quality, but also to making this data transparent and actionable for users to find the care they need. Together, we can empower employers and employees with the right tools to make our healthcare system more efficient and effective.”
Titled "Focus on Quality Improvement: How Employers Can Raise the Standard of Care for Their Employees," the op-ed discusses how transparent quality data can reduce costs, improve outcomes, and enhance health literacy, making healthcare more efficient and effective.
Key takeaways include:
- Price doesn't always reflect quality in healthcare.
- Employers hold the power to drive positive change in healthcare quality.
- Transparent data empowers employees to make informed healthcare decisions.
- Quality-focused strategies can lead to significant cost savings and improved outcomes.
The op-ed, published by BenefitsPRO on August 3, 2024, joins a growing group of articles that highlight Embold’s methodology and industry expertise in addressing quality variation in healthcare.
Harvard Business Review: Managing a Polarized Workforce (emboldhealth.com)
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Read the entire article here.
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