Value Based Purchasing

History Of Value Based Purchasing *Managed Care as we deal it today has its roots in a weigh of post compensable wellness rush arrangements in the premature 20th century. The earliest illustration of this dates back to 1910, when the Western Clinic in Tacoma, Washington provided a simple range of aesculapian function to lumber mill owners and employees for a monthly bountifulness of 50cents. *In 1929, a managed fright 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 predetermine 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 cognize as CIGNA Healthcare. * Also in 1929, the Baylor Hospital of Dallas, Texas initiated a postpaid system that provided medical care to about 1500 teachers. This was the wear of the health care company we know today as no-account Cross. Because good-for-nothing Cross only provided coverage for infirmary services, the gloomy Shield plans were created to cover doctor services, hence the name Blue Cross/Blue Shield.

The premiums for this coverage were subsidized by dint of and through government tax breaks, keeping them reasonably low. *Dr. Sidney Garfield and several of his associates ran a standardized prepaid health plan in 1933. To beat outher, they provided medical care ! to 5,000 whirl workers at an aqueduct project in LA. Workers salary insurance companies contracted with them to cover accident cases, art object 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 motive to get a full essay, order it on our website: OrderCustomPaper.com

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