What You Don’t Know About Your Patients Could Cost You

HIT Consultant February 10, 2022
Sheila Talton, CEO of Gray Matter Analytics

Healthcare spending is projected to exceed $6 trillion by 2028, largely driven by rising costs of care for an aging population and the growing number of Americans suffering from chronic physical conditions such as pulmonary disease, diabetes and hypertension.

To improve health outcomes while lowering cost of care, providers and payors increasingly are implementing value-based care (VBC) payment models. VBC contracts are structured to reward proactive and preventive healthcare, measurable positive outcomes (such as lower readmission rates) and reduced spending.

Unfortunately, too many provider organizations lack the insights into their patient populations that are necessary to offer whole-person care. They may fail to recognize the existence of social determinants of health (SDoH) — the financial, social and environmental conditions that...

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