Managed Healthcare Executive October 17, 2021
Data analytics allows providers to gain insights from performance management measures and metrics that hold the clues to financial viability under risk-based and pay-for-performance contracts. By embracing advanced analytics, hospitals and health systems can accelerate their path to value.
The COVID-19 pandemic exposed the significant downside of the traditional “fee for service” (FFS) payment model for hospitals, health systems, and private practices. Millions of Americans postponed elective procedures, leading to steep revenue declines in 2020 because no procedure means no fee.
With the Delta variant fueling the virus’ ongoing spread, hospitals and health systems are struggling with capacity and utilization constraints along with rising expenses, even as hospital margins remain down compared to pre-pandemic levels (excluding federal CARES funding), according...