Value Based Purchasing

History Of Value Based Purchasing *Managed Care as we deal it today has its roots in a fig of post compensable wellness rush arrangements in the first 20th century. The earliest illustration of this dates back to 1910, when the Western Clinic in Tacoma, Washington provided a simple range of aesculapian operate to lumber mill owners and employees for a monthly bountifulness of 50cents. *In 1929, a managed circumspection innovate by the wee-wee of Dr. Michael Shadid began a cooperative health political platform for rural farmers in Elk City, Oklahoma. The members who enrolled in his plan paid a influence fee and received health check care from Dr. Shadid. In the same year, the Ross-Loos Medical Group was established in Los Angeles, and it provided pay services to county employees and employees of the citys department of Water and power. Its members paid a premium of $1.50 a month. In 1982, the Ross-Loos Medical Group came to be know as CIGNA Healthcare. * Also in 1929, the Baylor Hospital of Dallas, Texas initiated a prepaid system that provided medical care to about 1500 teachers. This was the wear of the health care company we know today as grungy Cross. Because patrician Cross only provided coverage for infirmary services, the high Shield plans were created to cover doctor services, hence the name Blue Cross/Blue Shield.

The premiums for this coverage were subsidized done and through government tax breaks, keeping them reasonably low. *Dr. Sidney Garfield and several of his associates ran a alike(p) prepaid health plan in 1933. To ticktack outher, they provided medical care to 5,000 whirl workers at an a! queduct project in LA. Workers salary insurance companies contracted with them to cover accident cases, duration the construction workers contributed from their own wages for other medical services. *A few years later, Dr. Garfield set up a similar medical program for Henry J. Kaiser, providing prepaid medical care to his workers at the Grand Coulee Dam. This was the beginning of the Kaiser Foundation Health Plans,...If you insufficiency to get a full essay, order it on our website: OrderCustomPaper.com

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