Final answer:
Cost, quality, and access are collectively known as the Triple Aim of healthcare.
Step-by-step explanation:
Cost, quality, and access are collectively known as the Triple Aim of healthcare. The Triple Aim is a framework developed by the Institute for Healthcare Improvement (IHI) that focuses on improving the patient experience of care, improving the health of populations, and reducing the per capita cost of healthcare.
Healthcare systems aim to find a balance between these three dimensions. For example, reducing costs may involve implementing preventive care measures to improve population health, while maintaining access to high-quality care for individuals.
The Triple Aim approach helps healthcare organizations prioritize and optimize these factors to achieve better overall healthcare outcomes.