Inovalon, a technology company providing advanced, cloud-based platforms empowering a data-driven transformation from volume-based to value-based models has acquired ABILITY Network (“ABILITY”) for $1.2 billion. The combination of Inovalon and ABILITY creates a vertically integrated cloud-based platform empowering the achievement of real-time, value-based care from payers, manufacturers, and diagnostics all the way to the patient’s point of care.ABILITY is a leading cloud-based
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Value-Based Care| VBC-Related News, Analysis, Insights - HIT Consultant
Centrus Health and Cerner Collaborate to Deliver Value-Based Care in Kansas City
Centrus Health, a Kansas City-based clinically integrated network, and Cerner have come together with a shared vision to improve health care delivery while reducing costs across the Kansas City community. Centrus Health, a network comprised of high-quality hospitals and providers in the region including North Kansas City Hospital, Shawnee Mission Health, The University of Kansas Health System and independent physicians facilitated by the Kansas City Metropolitan Physician Association, plan to
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Survey: 64% of Executives Believe EHRs Have Failed to Deliver Critical VBC Tools
64 percent of healthcare executives say EHRs have failed to deliver better PHM tools, and about half claim they would be willing to switch EHRs to get these capabilities, according to new data from Sage Growth Partners (SGP). The EHR market is maturing at the same time that value-based care has grown more permanent roots. As the inpatient EHR market begins to consolidate, SGP conducted an online survey of 100 healthcare executives (87% C-suite) to understand their perspectives about what EHRs
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Healthcare CRM: From Marketing to a Foundation for Value-based Care
For many healthcare organizations, the decision to employ a customer relationship management (CRM) solution is typically driven by the marketing department. Marketers need data-driven tools that enable them to better segment and identify high-value consumers, leverage demographics and behavioral data to personalize messages, and measure the ROI for marketing programs.Today, the potential value of healthcare CRM extends far beyond marketing, supporting myriad use cases in both clinical and
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Adventist Health System Forms First Accountable Care Organization
Adventist Health System (AHS) today announced that the Centers for Medicare & Medicaid (CMS) has approved the formation of its first Accountable Care Organization (ACO) and its participation in the Medicare Shared Savings Program. The ACO provides the infrastructure for the Shared Savings Program, which cares for senior citizens across the state of Florida. Nearly 55,000 Medicare beneficiaries are expected to be part of the Shared Savings Program in the inaugural year.Approximately 1,500
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Innovaccer Launches ACO Compare to Analyze ACO Performance Trends
Accountable care organizations are playing a pivotal role in the value-based ecosystem. Since their formation in 2012, MSSP ACOs have saved over $2 billion for millions of assigned beneficiaries. More importantly, the quality of care has improved drastically as a direct result of the collaborative efforts by ACOs. The average quality scores of 2016 are higher than ever, attesting that ACOs are instrumental in advancing value-based care.However, the overall results, as observed on ACO Compare, do
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Atrius Health to Deploy Linguamatics NLP Platform to Support Value-based Care
Atrius Health, the Northeast’s largest nonprofit independent multi-specialty medical group announced it will implement Linguamatics, a Natural Language Processing (NLP) enterprise platform to identify and extract critical clinical information hidden within unstructured patient data.As a long-term Accountable Care Organization (ACO) for Medicare, commercial, and Medicaid patients, Atrius Health requires ready access to clinical notes and data to address reporting requirements and advance quality
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Accenture Partners with Loopback for New Value Based Care Models
Accenture has teamed with Loopback Analytics, a leader in population health analytics, to support health systems aiming to participate in new value-based care models, such as the new Bundled Payments for Care Improvement (BPCI) Advanced program.Partnership DetailsThe initiative combines the depth of Accenture’s data-driven consulting services with insights from Loopback’s EpisodeInsights platform, enabling providers to evaluate the economic impact of bundled payment participation across 32
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4 Barriers to Implementing Value-based Payment Models
Majority of family physicians indicate their practices participate in value-based payment models and believe value-based payment models will encourage greater collaboration between primary care physicians and specialists, according to a new study. The 2017 Value-based Payment Study was sent to 5,000 active members of the AAFP. A total of 482 surveys were returned, and 386 were evaluated after a screening process. The study found that more and more family physicians are embracing value-based
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5 Barriers to Achieving Success In Value-Based Care, Alternative Payment Models
Premier recently published a white paper titled Building Successful Two-Sided Risk Models, which discusses evolving risk-based alternative payment models and uncovers insights around the capabilities health systems need to achieve success in today’s value-based payment environment. A recent Premier C-Suite survey identified five barriers to achieving success in value-based care, alternative payment models: 1. Balancing health system margin pressure from both managing participation in
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