In the vast tapestry of the healthcare industry, certain years stand out as watershed moments. The year 2023 is shaping up to be one such pivotal year, marked by profound shifts and emerging trends.
Rise of the Physician Collectives
One significant transformation I've keenly observed is the enhanced stature and influence of small to medium-sized physician collectives. Historically relegated to the sidelines, these groups have now carved out a pivotal role for themselves. Why this sudden
Read More
Value-Based Care| VBC-Related News, Analysis, Insights - HIT Consultant
Mobile Pay Revolutionizes Specialty Groups: Unlock the Data-Driven Potential
It’s no surprise that healthcare is doubling down on software investments for healthcare revenue cycle, including software with an AI component, like predictive analytics. What’s unique is that right-now value from AI in revenue cycle is happening outside the walls of a healthcare facility or medical practice. In fact, it’s originating from the device patients use most: their smartphone.
For specialty groups in particular, the ability to successfully engage patients in their financial
Read More
Providence Pioneers Data Sharing for Value-Based Care with HL7® Da Vinci Clinical Data Exchange
What You Should Know:
- Providence has become the first health system in the United States to develop a data-as-a-service (DaaS) product driven by HL7 Fast Healthcare Interoperability Resources (FHIR).
- This product facilitates the exchange of clinical data between providers and payers, aiming to standardize clinical data across the system.
Barriers to Data Exchange
Traditionally, one of the most significant barriers to seamless clinical data exchange has been the lack of
Read More
Wysa’s AI-Powered Mental Health Platform Now Available at FQHC
What You Should Know:
- Wysa, an AI-guided mental health platform, has partnered with MyCHN, a Federally Qualified Health Center (FQHC) with 14 locations throughout Texas.
- Wysa's integrated solution will now offer continuous and accessible mental health care support across the care journey for patients and providers.
- Wysa's partnership with MyCHN follows recent launches with three leading orthopedic hospitals: the Living Well Center of Washington University at St. Louis, the
Read More
CareAbout Health Selects Innovaccer to Scale VBC for Expanding Provider Network
What You Should Know:
- CareAbout, a healthcare management services company, has selected Innovaccer's data platform and analytics solutions to help its providers achieve their clinical and financial goals.
- The partnership between CareAbout and Innovaccer will help CareAbout's providers achieve their clinical and financial goals in a value-based care environment.
- Innovaccer's platform will provide CareAbout's providers with actionable insights into quality, performance, and cost
Read More
NorthShore – Edward-Elmhurst Health Signs Largest VBC Deal in 5 Years
What You Should Know:
- Edward-Elmhurst Health (NS-EEH) has announced a significant, long-term partnership with Lumeris, a pioneer in value-based care (VBC). This partnership is a major development in the healthcare industry, representing the largest VBC provider deal since 2018.
- With rising expenses outpacing reimbursement rates, health systems and physician organizations are increasingly turning to value-based care to avoid layoffs and service cuts. NS-EEH, the third largest healthcare
Read More
Family Physicians with Value-Based Payment Models Relieve Burnout
What You Should Know:
- Independent research reveals family physicians with 75% revenue derived from value-based payment models decrease burnout symptoms, according to a new study from Elation Health, and American Academy of Family Physicians (AAFP) Innovation Lab.
- The goal of the study, conducted by surveying 10 primary care practices of varying sizes, was to identify specific barriers and innovations required for mainstream adoption of value-based payment (VBP) models and their
Read More
Curana Health, Innovaccer Partner to Accelerate Value-Based Care for Seniors
What You Should Know:
Today Innovaccer Inc. announced that Curana Health, an innovative, fast-growing healthcare organization on a mission to improve the health, happiness, and dignity of senior living residents, is expanding its partnership with Innovaccer to meet strong market demand for its services, and to support the expansion of its value-based programs for high-risk populations nationwide.Last year Innovaccer announced that Curana Health had
Read More
Ventricle Health Secures $8M to Accelerate Value-Based Home Care Model for Heart Failure
What You Should Know:
- Ventricle Health - a new national, virtual cardiology clinical reimagining cardiac care delivery - raises $8M in seed funding led by RA Capital and Waterline Ventures.
- This company will used the seed funding to expand Ventricle Health’s heart failure management therapeutic model in collaboration with value-based care provider groups and payers, which can reduce the overall average annual cost of heart failure care by at least 30-50%.
Virtual
Read More
Will Value-Based Care Finally Fix EHRs Too?
In theory, electronic health records (EHRs) have the potential to transform the healthcare landscape. They were expected to provide a digital hub that would enable seamless communication and information sharing between providers, boost efficiency, improve the quality of care, and foster optimal patient and clinician experiences.
The reality, unfortunately, has not matched the possibilities.
While well-intentioned, the Federal Government’s 2011 Meaningful Use Mandate program—to
Read More
