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Session 5: Value-Based Purchasing and Consumer-Directed Health Care: The Third Way
Hear about recent developments in managing health-care costs.
Sponsored by Pfizer
Presentations
Dean Smith: Developing and Evaluating Value-Based Insurance Products (PDF)
Stephen Parente: Consumer Driven Health Plans: Empirical Evidence of take-up, cost and utilization and HSA policy implications (PDF)
Links of Interest
Speakers
Richard Manning
Senior Director, Corporate Policy
Pfizer Inc., presiding
Dean Smith
Professor of Health Management and Policy
University of Michigan, School of Public Health
Prior to joining the faculty in 1985, Professor Smith was with a management consulting firm, where he was responsible for health care clients. On sabbaticals from the University he worked at Lincoln National Life Insurance Company on the evaluation of managed care operations, at Parke-Davis Pharmaceutical Research on the implementation of economic analyses in clinical trials, and at Massey University in Auckland, New Zealand on financial management. He has served as a director on the boards of managed care organizations and was the founding President/CEO of Good Health Michigan, Inc., a Michigan Medicaid qualified health plan.
In July 2005, Professor Smith became Senior Associate Dean for Administration at the University of Michigan School of Public Health. He is also a co-director of the UM-Pfizer Fellowship in Pharmacoeconomics and Outcomes Research and responsible for outcomes research in the University of Michigan's Center for the Advancement of Clinical Research, Biometrics and Outcomes Research Core. Professor Smith is committed to a line of research that helps to provide a better understanding of the financial aspects of working with and working in health care delivery and financing organizations. He serves as consultant to numerous health services, health financing and pharmaceutical firms.
Stephen Parente
Assistant Professor, Carlson School of Management, University of Minnesota
Principal, Health Systems Innovation Network, LLC
Stephen Parente is Assistant Professor at the Carlson School of Management at the University of Minnesota, and is Principal, Health Systems Innovation Network, LLC.
His research specialties are: Health economics; Health insurance; Health information technology; and Medical Technology Evaluation. His current research includes: Evaluation of Consumer Driven Health Plans including the trade-offs between health and wealth portfolio choices; Microsimulation of health savings account market development under different incentive scenarios; Economics analysis of the long-term effectiveness of AHCPR/AHRQ guidelines using welfare-loss/small area variations methodology with 1991-1998 claims data; Measuring the impact of new Medicare health insurance financing designs including Part D.
His major publications include: Feldman, R., Parente, S.T., Abraham, J., Christianson, J., Taylor, R. "Health Savings Accounts: Early Estimates of National Take-up from the 2003 Medicare Modernization Act and Future Policy Proposals." Health Affair, November 10, 2005; Parente, S.T., Evans W., Schoenman, S., Finch, M. "Changes in Health Care Use and Expenditures of Medicare HMO Disenrollees Who Return to Fee-for-Service Medicare: Results from a Natural Experiment." Health Care Financing Review, Spring 2005; 26(3):5-30; Schoenman, J., Parente, S.T., Evans W, Finch, M., Shah, M. "The Impact of Medicare HMO Closures on Beneficiaries." Health Care Financing Review, Spring 2005; 26(3):31-43.
He has: BA, 1987, Health & Society, Univ. of Rochester-New York; MS, 1988, Public Policy Analysis, Univ. of Rochester-New York; MPH, 1989, Health Economics, Univ. of Rochester-New York; PhD, 1995, Health Finance and Organization, Johns Hopkins Univ.
