Deirdre Baggot is a go-to business strategist who focuses on the healthcare industry. She says that her specialty, bundled payments, is a very viable way of reforming the healthcare industry and bringing down the high costs of receiving care. She says that, at best, healthcare in America is unreliable. Despite being one of the wealthiest countries in the world it ranks dead last in multiple areas such as life expectancy and infant mortality. Find out more about Deirdre at Bloomberg.com
She says that one of the biggest problems is that the current traditional payment system financially rewards healthcare providers who over-test and over-treat their patients. This means that patients pay a lot more than they should be while not getting anything more for their dollars. She started to specialize in bundled payments in 2010 and has seen plenty of evidence that adopting this payment model really does bring down healthcare costs while improving patient outcomes.
Deirdre Baggot has explained that under a bundled payment plan the payer will send just one fixed payment to the provider for all of the care and services that a patient received over some pre-determined amount of time. If the healthcare provider, such as a hospital, is able to deliver the care for less than the fixed payment than they can make even more money than they have done with traditional fee-for-service.
She has also written papers about the real-world benefits of the Affordable Care Act. Many more people now have healthcare in the United States due to the passage of this law under the presidency of Barack Obama. People can access preventative care now who couldn’t before. They can also go to the emergency room now. These two benefits have increased the survivorship rates and will ultimately help to bring down the overall costs of healthcare in the nation.
In her personal life, Deirdre Baggot got married several years ago. They now have a couple of kids and watching them play sports is the favorite part of her weekends. She is originally from St. Louis, Missouri, and likes to take the whole family there when she can, especially as all three of her sisters still live there.