Coastal Medical is Onboard with Executive Order to Control Healthcare Spending
Coastal Medical President and CEO, Dr. Al Kurose was on hand as Governor Gina Raimondo recently signed an executive order that established 3.2% as the official target for healthcare spending growth in Rhode Island though the year 2022.
The 3.2% growth target was based on methodology worked on jointly by the RI Health Care Cost Trends Steering Committee and Brown University’s School of Public Health.
Dr. Kurose is a co-chair of the RI Health Care Cost Trends Steering Committee whose goals are to reduce growth in health care costs, develop a deeper understanding of cost drivers and cost variation in Rhode Island and determine what investments are needed to sustain ongoing analysis. Members of the Steering Committee are made up of key players in Rhode Island’s healthcare community. This past December, all 18 members of the Steering Committee signed a compact agreeing to try to meet the 3.2% target.
In summing up the significance of establishing this event Dr. Kurose said, “Governor Raimondo’s executive order and the compact signed by members of the RI Health Care Cost Trends Steering Committee are important steps forward in Rhode Island’s continuing efforts to control the cost of health care. The commitments that were recognized today lay the foundation for a new era of accelerated work and transparent reporting on the cost of health care in Rhode Island. This issue is of vital importance to the state’s economy and impacts the health and well-being of every citizen.”