Hearing Health: Lower Costs and Better Outcomes
Value-based healthcare means doctor-patient communication is more important than ever
Over the last five years, the growth of healthcare costs in the U.S. has remained steady at 5.5-7 percent. However, this has outpaced the rate of inflation, and researchers say this trend is unsustainable.1 As a result, the healthcare industry is focused on value-based healthcare as a possible solution.
In population health systems, the doctor-reimbursement incentives are typically not based on office visits but on the actual number of patients treated. This is an example of a value-based healthcare approach, which focuses on ways to drive down costs while still providing the best patient care.
Better health outcomes require better doctor-patient communication
Over the last few years, a number of studies have revealed a wide range of significant comorbidities related to hearing loss, including social isolation, cognitive decline and dementia, and even diabetes.2 To put it another way: It’s evident that more effective treatment of hearing loss can lead to better overall health outcomes for patients, which can drive down lifetime costs across the board.
Captioned telephones can help
This complimentary white paper, sponsored by Hamilton® CapTel®, Hearing and Value-based Healthcare, explores the deep connections between hearing loss treatment options – such as hearing assistive technologies like captioned phones – and better health outcomes, along with emerging trends and statistics in overall population health.
- Alex Kacik, “Healthcare Costs Increasing At Unsustainable Pace,” Modern Healthcare, June, 2018.
- Harvey Abrams, Ph.D., “Hearing Loss and Associated Comorbidities: What Do We Know?” The Hearing Review webinar summary, 2017.