Consumer-driven healthcare
Consumer-driven healthcare
Consumer-driven healthcare (pronunciation: kən-ˈsü-mər dri-vən helth-ˈker) is a model of healthcare where individuals make their own decisions about health services. This model is designed to increase patient involvement and decrease healthcare costs.
Etymology
The term "consumer-driven healthcare" is derived from the concept of consumer-driven markets, where consumers, rather than providers, drive the market. In this case, the consumers are patients and the market is healthcare.
Definition
Consumer-driven healthcare is a model of healthcare delivery that is designed to give patients more control over their healthcare decisions. This is achieved by providing patients with information about healthcare costs and quality, and by giving them more responsibility for their healthcare spending. The goal of consumer-driven healthcare is to encourage patients to make more informed decisions about their healthcare, which in turn is expected to lead to better health outcomes and lower healthcare costs.
Related Terms
- Health Savings Account (HSA): A type of savings account that allows individuals to save for medical expenses tax-free. HSAs are often used in conjunction with high-deductible health plans, which are a common feature of consumer-driven healthcare.
- High-Deductible Health Plan (HDHP): A type of health insurance plan that features higher deductibles but lower premiums. HDHPs are often used in consumer-driven healthcare to encourage patients to think more carefully about their healthcare spending.
- Direct Primary Care (DPC): A model of healthcare delivery where patients pay their healthcare providers directly, rather than through insurance. DPC is often considered a form of consumer-driven healthcare because it gives patients more control over their healthcare spending.
- Price Transparency: The practice of making the prices of healthcare services publicly available. Price transparency is a key component of consumer-driven healthcare because it allows patients to compare prices and make more informed decisions about their healthcare.
- Value-Based Care: A model of healthcare delivery that focuses on the quality of care rather than the quantity of services provided. Value-based care is often contrasted with consumer-driven healthcare, which focuses more on the cost of care.
External links
- Medical encyclopedia article on Consumer-driven healthcare
- Wikipedia's article - Consumer-driven healthcare
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