HIT Consultant June 22, 2022
Mike Ipekdjian, MBA-HM, BSN, RN, SANE, PHRN, NREMT, Head of Clinical & Solution at CarePort, powered by WellSky

Hospitals are increasingly turning to value-based care initiatives to transform care delivery, lower the total cost of care, and improve patient outcomes. Unlike traditional fee-for-service (FFS) models that reimburse providers based on volume (i.e., the number of patient visits), providers are reimbursed based on the quality of care delivered in value-based care. Ultimately, success under these reimbursement models hinges upon seamless coordination between all stakeholders across the continuum of care.

Leveraging technology, providers more effectively communicate with other stakeholders to align on shared goals for the patient, gain enhanced visibility into critical patient outcomes, and streamline care coordination. Here are five ways hospitals can use technology to succeed under value-based care:

1. Improve emergency department (ED) diversion

The Agency for...

Today's Sponsors

SalesSparx
Canton & Company
Curation Health

Today's Sponsors

Amwell
Oliver Wyman

Today's Sponsor

Canton & Company

 
Topics: Health System / Hospital, Payment Models, Provider, Value Based
CareMax, Inc. to Acquire Medicare Value-Based Care Business of Steward Health Care System
5 Ways to Leverage Tech for Hospital Success Under Value-Based Care
Health Systems Continue to Extract Value Out of Home-Based Care Partnerships
Hospitals in low-income communities less likely to participate in bundled payment programs for joint replacement surgery
United Physicians, Agilon Health partner to build value-based primary care system for Medicare Advantage patients