Physician buy-in vital for reducing health care costs

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Physician Buy-In Key to Reducing Health Care Costs
Physician Buy-In Key to Reducing Health Care Costs

(HealthDay News) -- Physician buy-in is essential for creation of any new payment system aimed at reducing health care costs, according to an article published Oct. 21 in Medical Economics.

Researchers at the Robert Wood Johnson Foundation interviewed a panel of 18 physicians regarding solutions to help halt the rise of health care expenses.

The report found five key points of agreement among the physicians to slow health care spending. First, payment models must be evidence-based, physician-endorsed, and thoroughly tested. In order to generate physician buy-in, financial incentives must be created and protected. Thirdly, consumer engagement will be derived from better communication from physicians and greater investments in prevention. Health information technology will be the key to improving quality and reducing costs. Lastly, major changes in physician education and practice will be needed to reduce costs.

"Physician members are deeply concerned about the paucity of medical education related to health care costs, and encourage broad efforts to better educate both practicing and training physicians on the relative costs of their clinical decision-making," according to the report.

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