Deirdre Baggot, once a nurse at a Chicago, Illinois hospital, is now the Senior Vice President and Practice Leader for Bundled Payments at The Camden Group. How does someone go from practicing nurse to leading the charge for healthcare reform at one of the nation’s leading healthcare business advisory forms? Hard work, dedication, grit and checklists.
Ms. Baggot attributes her ability to stay focused and get things to checklists, helping her to prioritize her work. Having a checklist helps you stay on task by providing a clear succession of things to get done. It can be very satisfying to cross something off a list, and she admits that she will sometimes wrote something down that she has already completed, just to be able to do so.
What is something that excites Her?
Wearables (like the fit bit, etc). Deirdre thinks anything that can get people to take an active role in their health and wellness is a good thing. Getting up and taking a few extra steps can add up in the long run, and studies have shown that at least a half hour of physical activity a day leads to an overall healthier person. Healthier people might need less healthcare, which reduces costs, and reducing costs and overall healthcare reform are what Deirdre Baggot is all about. Learn more about Deirdre Baggot on Ideamensch
What are Bundled Payments anyway?
Bundled payments encourage efficiency in healthcare by essentially “getting it done right the first time.” Providers are paid for the instances of care for a specific reason, like a joint replacement. The initial surgery, as well as any other instances of care would be paid for up to a target cost. If the patient needs more than that, the provider may not be able to get extra for it. The goal is to reduce unnecessary procedures, while making sure the patient gets everything they need. On the other side, the target price is guaranteed, so they receive savings if they can keep the costs down. Baggot says that Healthcare is mostly manual and full of duplication and waste, and that innovation will only come through private funding.
Deirdre Baggot has been widely recognized for her work in Bundled Payments and healthcare reform, and she has authored over 20 papers on the subject. She has been keynote speaker for many large conferences, including the Bundled Payment Summit and Congress and Medtronic. She has been a featured guest on NPR’s “All Things Considered,” “Morning Edition,” and “Planet Money.”