Final answer:
The total-cost-of-care (TCOC) model of reimbursement is a method used to calculate the total cost of providing healthcare services to patients. It aims to incentivize healthcare providers to focus on delivering high-quality care efficiently, which could help lower the cost of healthcare.
Step-by-step explanation:
The total-cost-of-care (TCOC) model of reimbursement is a method used to calculate the total cost of providing healthcare services to patients. It takes into account the costs of all aspects of care, including hospital stays, procedures, medications, and follow-up visits. This model aims to incentivize healthcare providers to focus on delivering high-quality care efficiently, which could help lower the cost of healthcare.
By using the TCOC model, healthcare providers can identify areas where costs can be reduced without compromising patient outcomes. For example, if a hospital finds that it has a high readmission rate for a particular procedure, it can investigate the cause and implement measures to prevent unnecessary readmissions. This not only improves the quality of care but also reduces costs by avoiding additional hospital stays.