Summary AH531 W1Assignment 1 AH531 Statements of Operations and Financial Statements College of Nursing and Health Professions, Grantham University AH531 List several efforts that have been enacted by payors to control costs — Factors that contribute

AH531 W1Assignment 1 AH531 Statements of Operations and Financial Statements College of Nursing and Health Professions, Grantham University AH531 List several efforts that have been enacted by payors to control costs — Factors that contribute to decreasing the costs of healthcare —‹ Value-Based Purchasing —‹ Management of physician preference in medical devices —‹ Generic drugs coming onto the market —‹ More robust use of health IT to manage populations and prevent medical errors —‹ Lean/Six Sigma initiatives —‹ Informed consumers responsible for more of the cost of care —‹ Workplace wellness and employer programs — Factors that contribute to the increase in healthcare costs —‹ Emerging medical technology —‹ Chronic diseases —‹ Aging population —‹Influx of participants into the market due to extended coverage and insurance mandate —‹ Professional liability and