To optimize payments and reimbursement in emerging value-based care models, hospitals and health systems need to more proactively measure and improve clinical and financial performance across a myriad of quality and patient safety measures and programs. By Andy Weissberg, SVP, Marketing Communications, Quantros
“The customer is always right” is a popular adage in service industries. But what about in healthcare, who knows more about what healthcare consumers need – patients themselves or their providers? The concept of patient satisfaction is something a lot of healthcare providers struggle with. By Allison Hart
Healthcare spending grew to $3.4 trillion in 2016 and is expected to reach $5.5 trillion by the year 2025 according to the Centers for Medicare & Medicaid Services. By Chris Seib, Chief Technology Officer and Co-Founder, InstaMed
As payers and providers seek to uncover collaborative opportunities in an industry increasingly shifting toward patient-centric healthcare and value-driven outcomes, it’s critical to examine the most significant barriers to improved partnerships. By Dan Schulte, SVP Healthcare, HGS Inc.
Nobody likes waiting. In the age of consumerism and instant gratification, when an Amazon package can be delivered to you within an hour or a stranger will pick you up and give you a ride in a matter of minutes through an app on your phone, waiting is the ultimate inconvenience. By Tom Cox, CEO, MyHealthDirect
About 20 years ago, healthcare in the U.S. cost an average of $2,800 per person. Ten years later, that figure had shot up to $4,700 per person. Over the years, the cost of healthcare has risen as high as $10,345 per person.
How can you determine whether your organization’s business performance is clicking on all cylinders? Many organizations have invested in business intelligence tools to help measure their internal performance, evaluate areas in need of improvement, and identify best practices. Yet, what exactly are “best practices” and how can an organization know if their practices truly are best? By Chris Bodam, RemitDATA
The Medicare Access and CHIP Reauthorization Act (MACRA) aims to improve physician and other clinician payments by changing the way Medicare incorporates quality measurement into payments. At its core, the Act repeals the sustainable growth rate and authorizes the U.S. Department of Human and Health Services (HHS) to implement value-based incentives. Regardless of MACRA’s original intent to improve healthcare for both patients and physicians, the new legislation can result in negative implications on practices — particularly as it relates to revenue cycle management.