Workforce Wellbeing: Keys to Better Care and Cost Savings

Share the Post:

Hospital foundations play a crucial role in transforming healthcare services and improving community health. One key area for improvement is caregiver wellbeing. By adopting a value-based wellbeing approach aligned with the National Academy of Medicine’s Culture of Health Program, foundations can significantly impact primary healthcare goals—especially the Quadruple Aim.

The Quadruple Aim and Caregiver Wellbeing

The Quadruple Aim is a strategic framework designed to optimize health system performance, focusing on four key areas:

     ✔ Enhancing Patient Experiences

     ✔ Improving Population Health

     ✔ Reducing Healthcare Costs

     ✔ Increasing Work-Life Quality for Healthcare Providers

A simple round graphic consisting of a circle broken into four puzzle pieces representing the Quadruple Aim for Value-Based Wellbeing: Patient Experience, Population Health, Care Team Wellbeing, and Reducing Costs.

Caregiver wellbeing is essential within this framework. A healthy, well-supported workforce is vital for delivering high-quality, patient-centered care.

Unfortunately, caregiver wellbeing often gets overlooked. This can lead to burnout, decreased productivity, and high staff turnover. However, this gap creates an opportunity for implementing value-based health and wellness programs.

Value-Based Wellbeing: A Necessity, Not a Luxury

Value-based wellbeing is a strategic, outcomes-focused approach to enhancing workforce wellbeing. It involves comprehensive tactics such as disease prevention, health promotion, early illness detection, and effective chronic disease management.

Hospital foundations are uniquely positioned to champion these value-based wellbeing programs. By investing in these initiatives, foundations can enhance caregiver health and support the other goals of the Quadruple Aim. A healthier and more satisfied workforce is likely to provide better patient care, which can improve patient satisfaction, enhance overall population health, and reduce healthcare costs.Value-based wellbeing is a strategic, outcomes-focused approach to enhancing workforce wellbeing

The Culture of Health Program: A Blueprint for Action

The National Academy of Medicine’s Culture of Health Program offers a detailed framework for cultivating a healthy workplace environment. It advocates for creating supportive physical and social settings, integrating comprehensive health services with employee benefits, and promoting leadership engagement in health initiatives. 

Implementing a value-based wellbeing strategy can effectively leverage these guidelines to nurture a health-centric culture that prioritizes caregiver wellbeing and bolsters organizational performance.

The Role of Foundations in Advancing Workforce Wellbeing

Foundations play a critical role in advancing value-based wellbeing programs by focusing on three main areas: 

  • Funding: They provide essential resources for the development, implementation, and evaluation of health programs. 
  • Program Alignment: They ensure wellbeing initiatives align with the hospital’s mission and strategic objectives. 
  • Measurement & Evaluation: They support the creation of metrics to assess the effectiveness of these programs and their impact on the Quadruple Aim. 

Hospital foundations have a profound opportunity to influence not only the caregivers they support but also the broader healthcare community. By investing in value-based wellbeing programs, they can foster a more engaged and healthier workforce. This proactive approach helps achieve the Quadruple Aim by enhancing patient care, improving population health, reducing healthcare costs, and elevating caregiver wellbeing. With a strong focus on value-based wellbeing, hospital foundations can make a significant impact in healthcare—one caregiver at a time.

More Industry Insights