Success in the value- based landscape requires both depth and breadth of financial and clinical data
Health networks are sitting on a wealth of clinical and financial data. The problem for many providers is knowing how to fully access and interpret insights in an actionable way to support industry value based care initiatives.
As the market continues the march towards value- based care, providers must take the initiative to get their data analytics house in order and a multi-modal reimbursement framework in place. The stakes are high as private payers continue to follow the national government’s lead in linking reimbursement to quality and outcomes.i
The majority of providers are embracing value-based reimbursement models as a driver for high-quality care delivery,ii yet a recent Xerox survey found that 80 percent of providers are uncertain about their ability to leverage clinical data for improved outcomes. It also showed that most providers and payers believe they will need at least some help navigating the complexities of value-based analytics as it relates to software, service and workflows.iii In general, provider groups struggle with identifying and implementing sustainable infrastructures and workflows that will satisfy the high-level data analytics needs for the new model.