What is the general concept of an iron triangle? If you choose, you can create a triangle using PowerPoint, MS Paint, or even draw it by hand and scan it in.
The Relationship Between the Iron Triangle of Healthcare and Value-Based Purchasing
This assignment consists of the following parts:
1) What is the general concept of an iron triangle?
2) Please identify and describe the corners of the iron triangle of healthcare. If you choose, you can create a triangle using PowerPoint, MS Paint, or even draw it by hand and scan it in.
3) Describe what happens when you “increase” or “decrease” one corner of the triangle. For example, I’ll give you one of the answers and tell you that one corner of the triangle is “cost.” What happens to the other two attributes when you increase or decrease cost?
4) This is going to be the toughest one (perhaps) to integrate into your paper. We’ll talk at length about Value-Based Purchasing (VBP) and the CMS incentive structure. VBP has two inherent corners of the triangle built into it, but the third is often times overlooked. Provide insight as to how this third corner could be integrated the overall structure
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