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How to Use Longitudinal Patient Data to Create a Better Continuum of Care

January 26, 2022Garrett Schmitthealth data, healthcare data, patient data

In an effort to provide better healthcare at lower costs, an increasing number of payers are focusing on providing a “continuum of care.” This model strives to identify and deliver the most appropriate care for an individual based on factors such as age, lifestyle decisions, genetic predispositions, prior care received, and more. The ultimate goal…

Medicare Shared Savings ACO participation grows slightly for 2022

January 26, 2022Garrett Schmittaccountable care, ACOs, Medicare, Medicare Shared Savings Program, MSSP

More Medicare beneficiaries will receive care from providers in Medicare Shared Savings Program accountable care organizations this year, but the number is still lower than it was in 2020, new data show. Nearly 1 in 5 Medicare enrollees will be treated by Shared Savings Program ACO providers this year, a slight increase from 2021 but lower…

Examining the value-based care approach: How improved data models and analysis can remedy inequities

January 25, 2022Garrett Schmitthealth equity, value-based care, vbc

Over the past decade healthcare providers have increasingly adopted value-based care (VBC) approaches, a move fueled greatly by the 2010 passage of the Affordable Care Act (ACA), as well as the recognition of the exorbitant costs of medical care, and the racial and socioeconomic inequities in healthcare access. VBC is tied to various alternative payment…

The Case For ACOs: Why Payment Reform Remains Necessary

January 24, 2022Garrett SchmittACO, ACOs, FFS, GPDC, value-based care, vbc

Medicare population-based payment models, broadly known as accountable care organization (ACO) models, of which the Global and Professional Direct Contracting Model (GPDC) is an example, were launched out of recognition of two largely inherent weaknesses of fee-for-service: FFS does not promote efficiency, nor does it promote equity. The Centers for Medicare and Medicaid Services (CMS)…

How to Avoid an ACO Exodus — or Having No Takers in the First Place

January 24, 2022Garrett SchmittACO, ACOs, Downside Risk, Risk, risk management

The question of whether ACOs should be forced to accept “downside risk” — in effect pay a penalty if they exceed certain spending benchmarks — has bedeviled CMS’ ACO programs and ACO programs in general. Seema Verma, the Trump administration’s CMS director, pushed for more downside risk, and the administration’s Pathway to Success program shortened…

Will Consumers Derail Your Value-Based Care Success?

January 24, 2022Garrett SchmittACOs, value-based care, vbc

Your health care organization may be on the tightrope of still coping with COVID-related illness and delivering essential patient care, amidst staffing and supply shortages. But in 2022, life is not poised to give health care a breather. Likewise, there is no slow-down to the expansion of Value-Based Care and payment models or development of…

Deciding Whether to Pay in a Healthcare Ransomware Attack

January 24, 2022Garrett Schmitt

In the event of a healthcare ransomware attack, organizations must make the difficult decision between giving in to ransom demands or potentially risking patient safety. As healthcare ransomware attacks continue to ramp up across the sector, many organizations will be forced to make a difficult decision: give in to ransom demands or potentially risk patient safety and…

Getting Real About Health Equity

January 20, 2022Garrett SchmittCMS, Coronavirus, COVID-19, health equity, Medicaid, Medicare, pandemic, SDOH

The COVID-19 pandemic has brought social and racial inequity to the forefront of public health. In the United States, the pandemic has affected many communities, including racial and ethnic minorities as well as low-income populations, more severely than other groups. Negative health outcomes are more common among individuals within these groups, and social determinants of…

Greater Medical Device Data Standards Needed for Interoperability

January 20, 2022Garrett SchmittFHIR, Interoperability, Interoperability and Patient Access Rule

Researchers called for the creation of a medical device data standards development organization to support healthcare interoperability. The healthcare industry needs better data standards to support medical device interoperability, according to an article published in JAMA Health Forum. The authors noted that much of the existing infrastructure for healthcare interoperability has focused on EHRs. ONC mandated the adoption…

Which digital health sectors led VC investment in 2021

January 19, 2022Garrett Schmittdigital health, digital healthcare

Digital health continues to break funding records as companies across the globe raked in $30.7 billion in venture capital in 2021, according to data from Digital Health Business & Technology. Investments during the fourth quarter were $7.6 billion across 206 deals, a 6% drop from the recording-setting $8.1 billion raised by digital health companies during…

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