In the era of value-based care provision, automated benchmarking technology in hospitals enables real-world, reliable data insights for understanding, improving and promoting provider performance.Value-based healthcare is here to stay. Hospitals across the U.S. are on a quest to deliver successful outcomes at the lowest overall cost, improving care delivery and patient wellness. Nationwide, 34 percent of total healthcare payments were tied to alternative payment models in 2017, a steady
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8 Common Characteristics of Successful Standalone Hospitals
The Chartis Group shares 8 characteristics of successful independent hospitals and provides an assessment for hospital executives. Over the last 20 years, the percentage of U.S. hospitals over 200 beds, that are part of health systems, has risen from 56 percent to 77 percent. This trend continues as local regional and national health systems expand in search of greater scale, financial stability, and market presence. This seemingly inexorable trend towards systems expansion has caused industry
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Virta Health Puts 100% of Fees at Risk with New Value-based Care Model
Virta Health unveils new value-based care model that makes every dollar performance-based, with the majority tied to health outcomes for diabetes reversal. Virta Health, a San Francisco, CA-based provider of a clinically-proven treatment to safely and sustainably reverse type 2 diabetes without the use of medications or surgery, today announced a unique value-based care model that puts 100% of its fees at risk. The new model ensures that every dollar is tied performance-based benchmarks to
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Value-Based Care in Action: BCBS AZ Shared Savings Program Outperforms Cohorts Across Cost & Quality Measures
BCBS AZ’s value-based care program outperformed cohort across cost and quality measures, underscoring program’s effectiveness at improving population health.Change Healthcare and ACO Partner released the results for the first complete plan year of its novel shared value-based care savings program with Blue Cross Blue Shield of Arizona (BCBS AZ). More than 600 in-network primary care providers treated over 41,500 patients through 2017 leading to the program remitting a total of $1 million to 603
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AMA-RAND Study: Physician Payment Models are Becoming More Complex
According to a new joint study by the RAND Corporation and the American Medical Association, physician payment models are becoming more complex and the pace of change is increasing, creating challenges for physician practices that might hamper their ability to improve the quality and efficiency of care despite their willingness to change.The study is a follow-up to a similar one conducted in 2014 to assess how physician practices were responding to alternative payment models. These models are
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HHS Unveils International Pricing Index to Lower Medicare Part B Drugs for Patients
The U.S. Department of Health and Human Services, through the Centers for Medicare & Medicaid Services (CMS), today announced unveiled the “International Pricing Index” (IPI) payment model to reduce what Americans pay for Medicare Part B prescription drugs.Under the IPI model, described in an Advance Notice of Proposed Rulemaking (ANPRM), Medicare’s payments for select physician-administered drugs would shift to a level more closely aligned with prices in other countries. Overall savings for
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Mingle Analytics, SilverVue Merge to Form Mingle Health to Focus on Value-based Care Delivery
Mingle Analytics Inc., a provider of Medicare quality reporting, and SilverVue, Inc., a supplier of care management software, today announce their merger. Mingle Health is a new company focused on transforming value-based care delivery by solving the pain points in quality reporting while improving patient outcomes and strengthening practice health.Together, Mingle Health will deliver an all-in-one platform that includes the consulting, analytics, and tools to streamline medical practices,
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R1 Expands Physician Practice Footprint with CarePoint Health and Holston Medical Group
Hatred of billing and payment processes is a time-honored tradition in healthcare. Two of the biggest reasons it’s so frustrating as a patient are the lack of transparency and digital elements that we expect out of any typical consumer experience. R1, a provider of technology-enabled revenue cycle management (RCM) services is working to change this, announcing today its continued expansion into the physician practice market with the addition of CarePoint Health, one of the largest privately-held
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Validic Launches Statistics Engine to Drive Population Health Analytics from Patient Generated Health Data
Validic, a Durham, NC-based patient-generated health data integration, and analysis platform, today announced the release of Validic Statistics Engine that will offer new opportunities for patient-generated health data in care delivery and management. The Statistics Engine enables organizations to easily derive individual or population-level trends and anomalies from PGHD. Making Patent-Generated Health Data (PGHD) Actionable for CliniciansBeyond optical character recognition, there are many
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DexCom Integrates Continuous Glucose Monitoring Data with Validic Data Connectivity Platform
DexCom, Inc., a provider of continuous glucose monitoring (CGM) solutions, announced a partnership with data integration platform Validic. As part of the partnership, DexCom will integrate CGM data from Dexcom’s cloud API is integrated into the Validic’s connectivity platform to establish a multi-measure platform to stream in-home clinical data directly into clinical workflows and systems. This partnership is part of a larger effort to improve the interoperability of clinical systems and provide
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