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The rising cost of healthcare is a growing and major threat to our economy, our financial security and our individual health. For too long, we’ve been paying too much and not getting enough in return. The U.S. healthcare system is on an unsustainable cost trajectory. We have an urgent need to address this cost crisis so that healthcare can become more accessible and more affordable for all Americans. Now is the time.

welcome to hci summit
HCI is an annual summit created by West Health that convenes key stakeholders including policymakers, healthcare providers, health systems, economists, regulators, drug companies, pharmacy benefit managers and advocacy groups to explore the real impact of the high cost of healthcare on individuals, businesses, the economy and the state of this country today. Annually, these committed participants map out immediate and long-term policy prescriptions and solutions that turn rhetoric into reality and finally deliver on the promise of improving the quality of healthcare and lowering costs in a sustainable and meaningful way.
We believe in starting with 3 common-sense reforms
The United States is stuck in a system of volume-based care – or fee-for-service – that drives up costs without providing better outcomes for patients. Shifting away from this volume-based approach is the best way to slow or reverse the trajectory of healthcare costs and improve the quality of care. At a time when so many Americans are looking for new solutions to high prices and poor health outcomes, value-based care can fundamentally reshape the way we approach health services.
Today, the high price of healthcare services — including physicians, hospitals and prescription drugs — are at unprecedented levels, creating barriers to access for individuals who need care. Prescription drug prices continue to increase more rapidly than inflation, resulting in an expected growth in spending of 6.3 percent annually. We believe addressing the excessive prices of prescription drugs provides the most immediate opportunity for relief of exorbitant healthcare prices overall.
Today, most patients don’t have access to information about the actual cost of a medical service, whether it’s a medication, hospitalization, test, or surgery, making it increasingly difficult for them to be informed healthcare consumers. Worse yet, our opaque healthcare system makes it nearly impossible for patients to get a fair deal on their terms with many having no way of knowing whether recommended services are genuinely needed or whether there are potential alternatives.

This year’s HCI Summit is the sixth installment of West Health’s Health Care Innovation Day (HCI-DC) series. Previous HCI-DC events have highlighted wireless and telehealth innovations with the Department of Veterans Affairs (2010), wireless medical device regulation with the U. S. Food and Drug Administration and Federal Communications Commission (2011), care delivery and payment solutions with the Centers for Medicare & Medicaid Services (2012), interoperability with the Office of the National Coordinator for Health Information Technology (2014), and our most recent on healthcare costs innovation (2018).

Past Summit speakers include Steve Forbes, Chairman and Editor-in-Chief of Forbes Media; Sanjay Gupta, MD, Chief Medical Correspodent for CNN; Surgeon, Writer and Public Health Researcher, Atul Gawande, MD, MPH; Andy Slavitt, Former Acting Administrator for the Centers for Medicare & Medicaid Services; and Mark McLellan, Director of the Robert J Margolis Center for Health Policy and the Margolis Professor of Business, Medicine and Health Policy at Duke University.

Join us on April 2nd to be part of the action to solve our healthcare costs crisis.

West Health is dedicated to lowering healthcare costs to enable seniors to successfully age in place with access to high-quality, affordable health and support services that preserve and protect their dignity, quality of life and independence. LEARN MORE