These financial policies have helped Kaiser Permanente to become one of the most sustainable healthcare organizations in the country. In 2019, Kaiser Permanente was ranked #1 on the
Sustainable Healthcare Leaders list by the World Economic Forum.
The cost of these financial policies is offset by the benefits that they provide. For example, the focus on preventive care saves Kaiser Permanente money in the long run by reducing the need for more expensive medical care later on. The focus on wellness programs also saves Kaiser Permanente money by reducing the number of members who develop chronic diseases. And the focus on efficiency helps Kaiser Permanente to save money on things like waste disposal and energy costs.
Overall, the financial policies of Kaiser Permanente support sustainability by helping to keep members healthy, reduce the need for expensive medical care, and save money on operating costs.
Here are some additional examples of financial policies that can support sustainability in healthcare organizations:
- Pay-for-performance: This type of policy rewards healthcare providers for providing high-quality care and meeting certain quality metrics. This can help to incentivize providers to provide preventive care and to avoid unnecessary tests and procedures.
- Shared savings: This type of policy allows healthcare providers and insurers to share in the savings that are generated by providing high-quality care. This can help to create a financial incentive for providers to work together to improve the quality of care.
- Value-based purchasing: This type of policy rewards healthcare providers for providing high-quality care that is also cost-effective. This can help to ensure that healthcare dollars are spent on interventions that actually improve patient outcomes.
These are just a few examples of financial policies that can support sustainability in healthcare organizations. By implementing these policies, healthcare organizations can help to ensure that they are financially viable in the long term and that they are
providing high-quality care that is also cost-effective.