Michael Chernew, PhD, Professor of Health Care Policy and Director of the Health Care Markets and Regulation Lab at Harvard Medical School
Overview of Recording
When Amazon, J.P. Morgan and Berkshire Hathaway announced their partnership, they embarked on the world’s most ambitious effort to date to improve employee health and satisfaction, while reducing health care costs. Media reports are rife with speculation about what the industry giants will do, leveraging their potential economies of scale, and expertise in consumer behavior, e-commerce, analytics and food and diet.
As media reports speculate about what the industry giants will do, this short presentation discusses the evidence behind several potential promising approaches to improve employee outcomes and experience, increase value and reduce costs – and explore implications for the broader ecosystem of self-insured companies, payers and providers.
Topics include:
- Innovations in benefit design
- Consumer engagement and transparency
- Limiting low value care
About the Presenter
Michael Chernew, PhD, is the Leonard D. Schaeffer Professor of Health Care Policy and the director of the Health Care Markets and Regulation Lab in the Department of Health Care Policy at Harvard Medical School. Dr. Chernew’s research examines several areas related to controlling health care spending growth while maintaining or improving quality of care. His work on consumer incentives focuses on Value-Based Insurance Design (VBID), which aligns patient cost sharing with clinical value. His work on payment reform involves the evaluation of population-based and episode-based payment models. Other areas of research examine Medicare Advantage, prescribing patterns and medication adherence, the causes and consequences of rising health care spending, and geographic variation in spending, spending growth and quality.