General BrighamHe said he was on track to meet the cost-cutting targets agreed as part of the first deal with the state’s health care policy board, the state’s largest and most expensive health care system.
In September 2022, the hospital system agreed to reduce costs by $176.3 million, or $127.8 million annually, over the 18-month period from October 1, 2022 to March 31, 2024.
At a Health Policy Board meeting on Wednesday, officials said savings in the first six months of the hospital system’s performance improvement plan totaled $45.3 million, one-third of the 18-month effort. He said it would be 25% of the target amount at the time.General Brigham said he believed it going well To reach my 18 month goal.
The hospital system has met its cost reduction targets for most elements of its performance improvement plan, with the exception of two areas: reduced use of magnetic resonance imaging and CT scans, and increased patient home care delivery.
This cost-cutting pact is the first and only time ever that the Health Policy Board has required health care providers to cut costs in order to bring the entire health care system into line with nearly arbitrary annual cost increase standards.
General Brigham initially claimed that the commission was being unfairly targeted, and that the commission had been asked to develop a so-called performance improvement plan “based on outdated financial details,” and that the hospital system was partly It also claimed that the fact that it was treating the disease of The sickest patient in the state. Ultimately, however, the hospital system gave in and he proposed a performance improvement plan that would save him $70 million annually. It was later increased to $127.8 million after negotiations with committee officials.
Health Policy Board Executive Director David Seltz said the Health Policy Board will verify all figures provided by General Brigham Mass. However, he purposely praised the efforts of General Brigham Mass.
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“The tone and content of my conversations with Commander-in-Chief Brigham were very positive,” Seltz said.
The performance improvement plan envisions the largest savings of $86.4 million from outpatient rate reductions at Massachusetts General Brigham’s academic medical centers, including Massachusetts General Hospital and Brigham and Women’s Hospital. In the first six months of the performance improvement plan, he saved $16 million, just above his $15.6 million projection.
