HealthIT Answers September 13, 2023
In an era of transformative change within the healthcare industry, the shift from a fee-for-service model to value-based care has emerged as a beacon of hope. This transition is driven by the collective pursuit of achieving better patient outcomes at reduced costs. One of the most vital tools empowering this paradigm shift is data analytics. The U.S. Department of Health and Human Services announced in 2015 its aim to transition 85% of Medicare fee-for-service reimbursement to value-based payment models by 2016 and 90% by 2018.
The analysis of patient data holds immense potential in healthcare. It empowers providers to offer superior treatment, optimize their practices, and enhance patient satisfaction. By closely examining the various benefits of data analytics, providers can...
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