Healthcare IT Today December 30, 2021
The following is a guest article by David L. Morris, EVP & Chief Commercial Officer of Cedar Gate Technologies.
scientia potentia est – Knowledge is power.
Acquiring knowledge through advanced analytics on value-based care is a critical success factor in today’s healthcare market. Value-based care aligns diverse interests, including payers, providers, self-funded employers, third-party administrators, brokers, consultants, and patients—value-based care empowers them to deliver, manage, and drive higher patient outcomes while meaningfully managing and decreasing healthcare costs.
A recent study of healthcare consumers found that 62% of respondents were unfamiliar with the term “value-based care” as it relates to their healthcare experience. Yet, the survey also listed lower costs and improved care quality as the highest priority when payers and...