Video: Dr. John Agwunobi on The Transition to Value-Based Care

We are in the middle of a paradigm shift in healthcare where the patient is a sought-after consumer. Healthcare consumerism is here to stay. The consumer — the patient — is in control, demanding that the health system change, as the rest of the world has already changed, under the influence of technology.

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Conduent Care Integration Services Managing Director Rocco Salviola interviewed Dr. John Agwunobi, a leader in clinical care, managed care and health policies, about the impact of consumerism on healthcare. Dr. Agwunobi relies on his experience as a retired 4-star admiral in the U.S. Public Health Service Commissioned Corps and former Assistant Secretary for Health at the U.S. Department of Health and Human Services.

Dr. Agwunobi begins by discussing the state of the transition from transactional to value-based care.

Some data suggests that up to 40 percent of the $3 trillion the U.S. spends on healthcare annually could have been avoided. Dr. Agwunobi discusses how consumerism empowers patients to take greater control and slows unnecessary spending.

What’s next for value-based healthcare in 2017 and beyond? Dr. Agwunobi expects to see best practices emerge, as worst practices fall away.

Government could have a dramatic impact on the transition to value-based care. The impact could speed or slow the transition, according to Dr. Agwunobi.

To learn more, view the entire conversation (15:40).