This is Derek Miller Speaking on Business. More than 10 years ago former Utah Governor Mike Leavitt founded Leavitt Partners to help make healthcare more accessible by developing ideas and recommendations for government and business leaders. Andrew Croshaw is the current CEO and helps us understand the challenges that lie ahead.
To respond to the Covid crisis, the federal government preserved access to health insurance with federal subsidies, expansions of Medicaid, and funds to local health systems and public health departments.
In the coming months we will likely see an end to the designated public health emergency, which means that state officials and business leaders will have to adjust. Some people will lose access to health insurance, so we will need to make both business and policy decisions to determine how, or whether, to stabilize insurance access for individuals and businesses.
Fortunately, the state of Utah is taking a bold step towards value-based care, something Mike Leavitt championed since his time as Secretary of Health and Human Services. Leavitt Partners is proud to support this endeavor to ensure all Utahns get the right care at the right time at the right price.
Value-based healthcare is a form of reimbursement that ties payments for healthcare delivery to the quality of care provided. By focusing on paying for outcomes rather than procedures, this approach to medicine could significantly reduce overall healthcare costs. I’m Derek Miller, and this is Speaking on Business.