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Consumer-Directed Health Care: The Uncertain Future of Price Transparency Initiatives.

07:00 EST 16th January 2019 | BioPortfolio

Summary of "Consumer-Directed Health Care: The Uncertain Future of Price Transparency Initiatives."

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Name: The American journal of medicine
ISSN: 1555-7162
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Medical and Biotech [MESH] Definitions

The amount that a health care institution or organization pays for its drugs. It is one component of the final price that is charged to the consumer (FEES, PHARMACEUTICAL or PRESCRIPTION FEES).

A strategy for purchasing health care in a manner which will obtain maximum value for the price for the purchasers of the health care and the recipients. The concept was developed primarily by Alain Enthoven of Stanford University and promulgated by the Jackson Hole Group. The strategy depends on sponsors for groups of the population to be insured. The sponsor, in some cases a health alliance, acts as an intermediary between the group and competing provider groups (accountable health plans). The competition is price-based among annual premiums for a defined, standardized benefit package. (From Slee and Slee, Health Care Reform Terms, 1993)

Encouraging consumer behaviors most likely to optimize health potentials (physical and psychosocial) through health information, preventive programs, and access to medical care.

Decisions, usually developed by government policymakers, for determining present and future objectives pertaining to the health care system.

Areawide planning for health care institutions on the basis of projected consumer need.

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