Reminders

Quality of Care - The New Healthcare Currency

By Cynthia Burghard – August 10, 2017
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We hear everyday of the challenges facing provider organizations as they straddle the shifting reimbursement landscape. Well grounded in the fee for service reimbursement models, providers struggle to balance their volume-based operating models with the growth of value-based models. In the former model, if a procedure is done it is reimbursed, regardless of the outcome. The latter it is the outcome that is rewarded and for which at least partial payment is attributed. Adding additional financial risk is the requirement for providers to invest in technology and people to deliver the results required of the contract while not understanding what an expected return on investment might be. We have long understood that improved quality eventually translates into savings, but what are providers to do in the short term to keep the lights on?

 

About the author

Cynthia Burghard

IDC

As a career technology analyst in the healthcare industry I have had the opportunity to analyze business applications that have grown in volume as well as functionality, seen healthcare investments…

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