a table of cost strategies for medical care

Cost Containment Strategies for Medical Provider Relations1. Negotiated RatesObjective: Establish fixed rates for services.Benefit: Controls costs through agreed-upon pricing.2. Value-Based CareObjective: Shift from fee-for-service to outcome-based payments.Benefit: Aligns incentives with patient outcomes, improving care quality and reducing unnecessary costs.3. Care CoordinationObjective: Enhance communication and collaboration among providers.Benefit: Reduces redundant tests and treatments, improving efficiency.4. Utilization ManagementObjective: Implement protocols to assess necessity and appropriateness of care.Benefit: Ensures that services provided are necessary, minimizing unnecessary expenditures.5. Preventive CareObjective: Focus on preventive measures to avoid costly treatments.Benefit: Reduces future healthcare costs by addressing issues before they become severe.6. Provider Performance MonitoringObjective: Track and evaluate provider performance.Benefit: Ensures care is cost-effective and high qua