The Institute of Medicine estimates that 30% of health care spending is attributed to waste. Waste in health care not only has a financial impact, but also has repercussions on patients’ time, safety, and well-being.
A health care procedure, inpatient stay, medication, therapy, or test that does not lower costs, improve outcomes, or create high patient satisfaction meets the criteria for waste.
During this webinar, 3M will address how identification and reduction of potentially preventable events, and the use of cost-effective alternative incentives are the cornerstones of waste reduction in health care.
Client engagement manager
3M Health Information Systems
Michael Keyes is a client engagement manager at 3M Health Information Systems. He is responsible for payer client relationships across the country. He has over 20 years of experience in healthcare leading the design and performance measurement of value-based care arrangements. Prior to joining 3M, Michael worked for health plans with a focus on establishing collaborative relationships with the network providers. Michael is also a licensed Physical Therapist and spent a number of years working in sports medicine.