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
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Data-Driven Healthcare Operations Will Transform Outcomes
You don’t need another story urging you to “get to the cloud.” That’s old news for healthcare executives, who’ve long understood the necessity of rebooting the way their organizations operate in the digital era. In a recent McKinsey study, 19 of the 22 healthcare leaders the company interviewed described digital healthcare solutions as “highly relevant” or “relevant” to their businesses. They get it. In fact, digital healthcare has already become the minimum table stakes: 93% of
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WellSky Acquires TapCloud, Health AI Platform to improve Patient Engagement
What You Should Know: - Today, Wellsky announced the acquisition of TapCloud, a virtual, interoperable, and AI-driven patient engagement platform that allows patients to share symptoms and other health data with providers via virtual visit technology, secure messaging, and remote symptom screening protocols. - Frequent communication between patients, clinicians, and payers is critical to providing quality care and delivering on value-based care. TapCloud’s interoperable, AI-driven platform
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The Future of Remote Care Automation Begins with Cardiac Rehabilitation
2020 was undeniably the year that saw telehealth and remote care services come to the forefront of medical care. Many have hypothesized that, in the post-COVID world, remote care programs will be ubiquitous throughout hospitals and health systems. However, such a future is far from certain, as too many organizations currently lack the budget, IT infrastructure, and time necessary to implement new innovative remote care programs. There is a considerable disparity between the hype surrounding
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Treat in Place: Protecting Nursing Home Patients From Hospital Readmission
A night doctor’s dilemma Five years ago, I was practicing medicine in a rural hospital in North Carolina as a nocturnist, when I received a call from an Emergency Room (ER) doctor. “Hey, it’s Blake. Room 7. Demented. UTI,” he says, and hangs up. I was struck by the abrupt and sparse communication—no detailed report. Not even a name. Charged with admitting and caring for patients, I head downstairs and find myself in room 7 where an elderly woman with a blown IV and no family around is
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5 Steps for Interoperability Excellence for Healthcare Providers
As if 2020 couldn’t be any more challenging for healthcare providers, new federal rules on interoperability and patient access, granting patients direct access to their healthcare data, begin taking effect in 2021 and will continue into 2022. These rules, while ultimately beneficial to patients, bring an additional level of operational complexity to many revenue-stressed healthcare organizations. If anything, the 2020 pandemic has illustrated the vast potential of interoperability. For
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How Data-Driven Technology Holds The Promise of Better Outcomes for Vascular Patients
Abbott recently released global research on vascular patient care, designed to shine a light on the vascular patient journey. The report called “Beyond Intervention” uncovers the universal challenges faced by physicians who deliver vascular care, their patients, and the hospital administrators who support them. It also explores how the right use of technology and data could potentially enable more precise diagnoses and better treatment strategies to ensure the best possible patient
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AI Leads Way to Less False Positives on Remote Cardiac Monitoring Devices, Improved Results
What You Should Know: - Cardiac patients and their cardiologists are
experiencing a high number of false positives with remote patient monitoring
devices as a result of signal artifact providing inaccurate data, which can
lead to many complications—other than medical, such as unnecessary tests and
increased medical costs. - Ambulatory cardiac monitoring provider InfoBionic has devised a way to decrease false positives and increase efficiency. Remote cardiac monitoring’s false
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M&A: Anthem Reportedly in Negotiations to Acquire CareCentrix
What You Should Know: - Health insurer Anthem
is in late-stage negotiations to acquire home healthcare benefits manager CareCentrix, according to PE Hub. - PE Hub reports
that customer concentration issues have been a factor in negotiations; however,
the deal is far from certain. - Backed by growth private equity firm Summit Partners, East Hartford, CT-based
CareCentrix provides specialty benefit management services to health plans,
improving quality and reducing costs in several
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Applying Social Determinants of Health to Improve Care Coordination
In today’s era of value-based care, providers must focus more than ever on ensuring that patients get the care they need, when they need it, across the entire care continuum, including in non-traditional health care settings. This is important not only as it relates to patient outcomes, but also to providers’ bottom lines. However, when patients lack access to basic care-centric needs like proper housing, food, transportation, and a support system, they’re unable to get the right type of care
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