The Institute for Healthcare Improvement (IHI) launched the Triple Aim initiative over 10 years ago, back in 2007. It was created for healthcare organizations to enhance a patients’ experience (i.e. quality, access, and reliability) while reducing the per capita cost of care.
Following these three Triple Aim objectives enables healthcare organizations to recognize and solve problems such as poor coordination of care and excessive use of medical services. It also encourages organizations to focus attention on and redirect resources to action that produce the most considerable impact on health.
- Improving the patient experience of care
- Improving the health of populations
- Reducing the per capita cost of health care
Why the Triple Aim?
The United States healthcare system is the most costly in the world, accounting for 17% of the gross domestic product with estimates that percentage will grow to 19.9% of GDP by 2022.