Health care organizations can cut costs by $1.2 million per 10,000 patients by using a health care team to manage chronic illnesses, according to a
new report from PricewaterhouseCoopers' Health Research Institute. The researchers concluded the savings would come mostly through reduced hospitalizations and ER visits. To capture any of that money, though, providers must enter into shared-savings arrangements with insurers. Adding new types of workers to a practice's staff-such as dietitians, mental health professionals and social workers-will help the practice manage and prevent disease, which is key to the shift toward value-based payment.