Those who are involved in the healthcare industry recognize the name of Deirdre Baggot as a pioneer in the area of healthcare payment reform. She is well known as the architect of and major proponent for the concept of “bundled payments”. Operating under a bundled system means that the healthcare provider is paid a single, proscribed amount of money for all services provided in the treatment of a specific disease or condition. This system ensures that there are no shortcuts in care and it reduces deaths as a result of improper treatment. It is more efficient than traditional payments because costs are reduced for both patients and facilities and patients stay healthier because they receive proper treatment the first time they seek it. Follow Deirdre Baggot on Instagram
Even if you are familiar with Deirdre Baggot, here is some information that you may not know. She spends her time leading demonstrations, participating on panels, and speaking at conferences in support of the bundled payment concept. She serves as a consultant with a number of businesses and many others listen to her advice. Her payment innovations have generated over $5 million for two healthcare advisory firms with whom she worked. She has designed and implemented new payment models with companies or Medicaid and Medicare in over 200 hospitals. Her model has achieved the best results in the industry by reducing costs, improving the quality of care, and upgrading the total patient experience.
With her passion for payment reformation and her commitment to a variety of ventures, Deirdre Baggot’s daily schedule can quickly get out of control. She finds that she needs checklists to prioritize her activities and help her maintain focus. She also imposes her own project deadlines rather than rely on external pressures to complete a task. She begins each day by conducting research and recording details in an outline. She has her team of experts evaluate all her ideas even while she works on new ones. Her next commitment will be to medical wearables which are technological devices that are worn by patients to track personal health and fitness information. She will never complete her search because as she has often said her motivation comes from being the “hardest worker in the room”.