Value Based Purchasing

History Of Value Based Purchasing *Managed Care as we deal it today has its roots in a morsel of post compensable wellness rush arrangements in the advance(prenominal) 20th century. The earliest illustration of this dates back to 1910, when the Western Clinic in Tacoma, Washington provided a simple range of aesculapian service to lumber mill owners and employees for a monthly gift of 50cents. *In 1929, a managed look at innovate by the wee-wee of Dr. Michael Shadid began a cooperative health political platform for rural farmers in Elk City, Oklahoma. The members who enrolled in his plan paid a shape fee and received health check care from Dr. Shadid. In the same year, the Ross-Loos Medical Group was established in Los Angeles, and it provided postpaid services to county employees and employees of the citys department of Water and power. Its members paid a premium of $1.50 a month. In 1982, the Ross-Loos Medical Group came to be cognise as CIGNA Healthcare. * Also in 1929, the Baylor Hospital of Dallas, Texas initiated a prepaid system that provided medical care to about 1500 teachers. This was the wear of the health care company we know today as blue sky Cross. Because savoury Cross only provided coverage for infirmary services, the stern Shield plans were created to cover doctor services, hence the name Blue Cross/Blue Shield.

The premiums for this coverage were subsidized by and through government tax breaks, keeping them reasonably low. *Dr. Sidney Garfield and several of his associates ran a exchangeable prepaid health plan in 1933. To pay off outher, they pr ovided medical care to 5,000 whirl workers ! at an aqueduct project in LA. Workers salary insurance companies contracted with them to cover accident cases, plot of land the construction workers contributed from their own wages for other medical services. *A few years later, Dr. Garfield set up a similar medical program for Henry J. Kaiser, providing prepaid medical care to his workers at the Grand Coulee Dam. This was the beginning of the Kaiser Foundation Health Plans,...If you indigence to get a full essay, order it on our website: OrderCustomPaper.com

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