The Pediatric Value Curriculum, sponsored by funding from the Association of Pediatric Program Directors, aims to provide a cost and value curriculum for pediatric residency programs that is accessible, interactive, fun, and demonstrates significant change in behaviors and practices.
The Institute of Medicine estimates that a third of healthcare expenditures, or approximately $800 billion annually is unnecessary and/or wasteful. Over the last fifty years, health care expenditures in the United States have grown more than five times faster than the gross domestic product. Furthermore, they have increased fifty times faster than actual wages.1 In pediatrics, healthcare spending continues to increase with the most recent statistics demonstrating a 4.6% increase from 2010-2013. More than 20% of pediatric healthcare spending occurs in the acute inpatient setting despite a relatively low utilization of only 40 acute inpatient admissions per 1,000 children.2 It is vital that in the current age of increased scrutiny of healthcare costs by government, patients, and insurance companies that physicians grow to better understand the waste in the system and make changes themselves.3 In addition, the Accreditation Council for Graduate Medical Education mandates that trainee physicians “incorporate considerations of cost awareness” into their clinical practice;4 however, many programs do not currently have in place the curriculum to facilitate this education.5