The countdown is on to the inception of the Total Cost of Care Model. There are just over 100 days until Maryland will begin to be held accountable for controlling the cost of health care in all settings – not just hospitals.
This means that non-hospital providers need to be enlisted to sharpen their focus to drive efficiency and appropriate use of services, something hospitals have been doing under global budgets for nearly five years. Those results have been impressive, saving the health care system more than $900 million and reducing the rate of readmissions by more than 8 percent.
The good news is that hospitals’ potential partners are keen to learn about how the new model works and how its implementation will affect them. Since Labor Day, your MHA has been speaking to key groups such as the Maryland Organization of Nurse Leaders, the Hospice and Palliative Care Network, the Maryland-National Capital Home Care Association, and others.
The road show will continue in the coming months.
The central message in all of these encounters is that hospitals cannot succeed under the new model by themselves. By meeting early and often with groups like these, we are able to convey the importance of their engagement to the model's success.
There’s also great value in building trust with groups with which hospitals will partner closely in the coming years. These relationships will help like-minded providers sustain efforts toward a common goal, even when facing tough challenges.
That’s the potential power of the new model. It strives to bring together all types of providers, as well as other important players, to work side by side for the betterment of all Marylanders.