In order to move forward on your journey to value-based care, you will need a plan to address the seven challenges to enterprise imaging, identified by the Society for Imaging and Informatics in Medicine (SIIM) and the Healthcare Information and Management Systems Society (HIMSS) in their August white paper. We summarized the first three in our previous post and discuss the remaining four challenges today.
On the journey to improved clinical and financial health, hospitals are all looking for a silver bullet that simply isn’t there. Value-based care comes in many forms that will be used simultaneously to bridge from health care’s current fee-for-service (FFS) to global capitation. The job of health care leaders is to figure out how to navigate the complexity associated with managing the many payment and delivery models. That means not only understanding the administrative, payment and delivery impacts of the models being deployed but also knowing how to measure performance across each of the models.
Achieving a financial health advantage can be derailed if your organization doesn’t focus on the right priorities when it comes to your revenue cycle management. There are six key priorities that can help hospital revenue cycle optimization and help put your organization on the right track for success.
Healthcare organizations nationwide are focused on patient care and health outcomes, and rightfully so, but financial well-being is equally important for you to continue to provide the highest quality care. During HIMSS16, we discussed the importance of financial health on the road to value-based care, including sharing our experience developing and implementing value-based payment models for physician, hospitals and payers and providing claims management solutions for the acute and non-acute provider markets.
When it comes to navigating the transition from fee-for-service to value-based care, we all see what the destination needs to be; however, for most organizations, it’s not exactly clear how to get there. The road ahead is foggy.
It’s no secret that hospitals and health systems are more challenged than ever to deliver value-based care and a positive patient experience — and that doing so has both clinical and financial implications. Watch this three-minute video: A First Step on the Journey to Improving the Patient Experience, to see how the right remote patient access solution improves patients’ experiences as well as hospital and health system productivity, efficiency and effectiveness.
Most medical imaging departments today measure quality metrics like patient satisfaction, referring-physician satisfaction and length of stay. They’ve carefully reviewed the recommendations from the Advisory Board and CMS’s PQRS program, and they’re religiously tracking their relative value units (RVUs). Nevertheless, they’re not measuring things that are vital to the success of their radiology imaging department.
What’s next for health IT in 2016? As value-based, patient-centered care becomes more desired in the healthcare community, health IT must adapt to these changing models by moving away from a fee-for-service model.
I don’t think there is any question that all of our worlds are fundamentally changing with the progression of value-based care. And that’s causing both direct and indirect effects, including massive consolidation among all segments of healthcare and extension of the care continuum, including new non-traditional sites of care, all of which are affecting everyone who’s a participant in healthcare delivery. There’s no question that healthcare analytics is playing and will play an increasingly critical role in facilitating that transformation and making organizations successful as they work under that model.
In healthcare, we see it every day: patients who have cancer, heart disease, diabetes and the list could go on. Many of us have also experienced the impact of chronic conditions and illness in our personal lives. What if we could better target therapies to combat these diseases based on our own unique genetic “fingerprint?” This is what researchers supported by the National Institutes of Health and other federal agencies under the Precision Medicine Initiative (PMI) are tackling.