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  • Value-Based Care

Today, data is the most valuable currency of all. Data is knowledge, and knowledge is power. Data lasts longer than any CEO, piece of equipment, or business. It is the single longest lasting asset in any organization, and this is especially the case for the field of healthcare. Data governance is a relatively new body of practice and knowledge in corporations, especially in healthcare. As of right now, the field is still in its infancy, and there is plenty of misinformation...

The healthcare industry is evolving right before our eyes. It’s no longer running primarily on the old fee-for-service incentive models and is making the switch to the much more efficient, value-based care model. In this new value-based care model, the emphasis is placed on quality of care and patient satisfaction. If healthcare organizations hope to thrive in this new world, they need to have a robust outcome improvement program in place. To successfully implement an outcome improvement program, healthcare organizations need...

You’re looking to ramp up your outcomes improvement efforts and you know that it takes a serious commitment. You’ll need to allocate human, operational, and financial resources to the cause. Such a commitment would have to bring about a return on the investment that was well worth the effort, and this can only be done by avoiding and mitigating the potential roadblocks and pitfalls along the way that may derail such efforts. The effort put into outcomes improvement can only succeed...

Value-based care is the future of healthcare, and we’re all going to be affected by it in the healthcare industry, one way or another. Even those who choose to stick with their archaic fee-for-service setup will still be forced to ponder some new questions thanks to the competitive environment that is being brought about by value-based care. Before value-based care was even on the radar, the main metrics that were measured were things like operations, quality, profitability, and satisfaction. The primary...

As the healthcare industry makes the long and challenging transition from fee-for-service models to value-based care, some health care providers and organizations are naturally going to feel intimidated by the journey ahead. Value-based care can, after all, be a less guaranteed model for achieving profit and require some potentially daunting new information to be learned and tactics to be used. The benefits of transitioning far outweigh the negative aspects. However, the success of each independent organization depends on the ability of...

With the Centers for Medicare and Medicaid Services’ (CMS) MACRA Quality Payment Program and its associated MIPS track moving into high gear, it’s no surprise that the use of a CMS-approved Qualified Registry (QR) is catching on among clinicians, providers, and health systems. A QR is a tool by which data is easily submitted to CMS for evaluation and annual bonus consideration.