Many of these health complications arise from a larger number of people living longer lives.Īging populations with higher life expectancies are naturally more prone to chronic or age-related medical conditions, which are often more expensive to diagnose and treat properly. One aspect affecting cost and care quality is that the American population is aging, meaning many citizens are more prone to chronic or severe health complications. Providing affordable healthcare without sacrificing quality takes a planned approach to be successful, as numerous factors directly impact healthcare costs and quality of care. Many other countries worldwide provide a higher level of care with significantly lower costs. Although medical expenses are rising, the overall quality of care isn’t. Despite high medical costs, the United States’ life expectancy falls short of many other countries with less expensive healthcare systems. The United States leads with the most expensive healthcare among wealthy democracies in the world. Healthcare facilities can measure the effectiveness of these initiatives via patient satisfaction surveys and quality improvement measures. A few examples of these initiatives include accountable care organizations (ACOs), electronic health records (EHRs), shared decision-making and managed care organizations (MCOs). These initiatives focus largely on improving communication between providers. Over the last few years, continuing initiatives aim to help patients visit and navigate healthcare organizations more efficiently and effectively. To improve patient experience on a population level, a healthcare organization should analyze a community’s overall health, determine specific risk areas and assess mortality rates. Improving Patient ExperienceĪ fundamental aspect of the Triple Aim is to improve patients’ experiences including the satisfaction and the quality of care. The Triple Aim approach focuses on improving patient experience, reducing the cost of care and improving the health of populations. The Institute for Healthcare Improvement (IHI) created the framework to aid healthcare organizations optimize performance with various metrics in 2007, known as the Triple Aim because it uses a three-pronged approach. Learn more about the Triple and Quadruple Aim in healthcare and if there should be a 5th Aim. The Triple and Quadruple Aim are fundamental pillars of the healthcare field designed to ensure patients receive quality care. The healthcare system helps provide life-saving treatments and prevention techniques to minimize the risk of negative patient outcomes.
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