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Thyme Care unveils oncology practice partner network to scale value-based care

March 15, 2024Garrett Schmitt

Thyme Care, a value-based care enabler focused on oncology, has formally launched a dedicated platform for oncology practice partners. Thyme Care Oncology Partners (TCOP), which has long been in the making, currently consists of more than 400 oncologists across 25 states. Together, Thyme and its partner practices will design and implement value-based initiatives for patients…

The burnout paradox: How addressing SDOH can reduce provider stress

March 14, 2024Garrett Schmitt

A 2023 Medical Economics® report found that over the course of their careers, 92% of physicians have experienced burnout. In addition, 62% of providers currently feel burned out. The American Medical Association officially defines burnout as including a reduced sense of personal achievement, emotional exhaustion and a sense of depersonalization, having less empathy toward patients…

Update On The Medicare Value-Based Care Strategy: Alignment, Growth, Equity

March 14, 2024Garrett Schmitt

Medicare is responsible for more than one in five dollars spent on health care in the United States. Given its size and mission, Medicare programs and policies have a major role in transitioning the health care system away from fee-for-service payment, which incentivizes the quantity of care, and toward value-based payment, which incentivizes higher-quality care…

Takeaways from attaining health equity through coordination

March 13, 2024Garrett Schmitt

During a fireside chat style discussion at HIMSS24 on Wednesday, “Achieving Equity through Coordinated Healthcare,” experts discussed how exchanging health information can bridge gaps in health equity and the innovations transforming healthcare access. Michael Jackson, VP and global head of industries at DocuSign. moderated a discussion with Luis Belen, CEO of the National Health IT…

The road to real value-based care

March 11, 2024Garrett Schmitt

Summary Value-based care (VBC) models have existed for fifteen years but have not made meaningful changes to health care delivery or spending in the United States. The COVID-19 pandemic and ensuing financial strain on hospital systems have made it evident that more dramatic and rapid change is required. The time has come for primary care…

Aligning Accountable Care Models With The Goal Of Improving Population Health

March 11, 2024Garrett Schmitt

Policy makers and health care leaders are well aware that despite spending twice as much per capita on health care, the US leads amongst high-income countries in early mortality. Within the US, health disparities are widening and pervasive, with variations in life expectancy present across geographic scales (neighborhoods, counties, and states) and across racial and…

New CMMI Innovation Models Support Digitally Enabled Care

March 11, 2024Garrett Schmitt

With the recent announcements of two new innovation models, the Centers for Medicare & Medicaid Services (CMS) is recognizing the role of digitally enabled care in improving access and outcomes. The Transforming Maternal Health (TMaH) model will issue cooperative agreements to up to 15 state Medicaid agencies to participate in a ten-year payment and care…

Why health care providers and facilities need to transition to value-based care

March 11, 2024Garrett Schmitt

Over the past decade, the health care industry has shifted to value-based care, albeit on an incremental basis. These efforts deserve praise and are the result of intentional, hard work. Based on observations from the consulting team at FORVIS, we found that this shift is variable in maturity across key value-based areas. That is, organizations…

The Aftermath of the Change Healthcare Cyberattack: A Call to Action for Health Plans

March 8, 2024Garrett Schmitt

The recent cyberattack on Change Healthcare affected clinical-decision support, eligibility verifications, chart abstractions, and pharmacy operations, and has highlighted vulnerabilities within the industry’s digital infrastructure. In light of these disruptions, plans need to explore the broader implications, particularly concerning Part D, CAHPS, Star Ratings, and the overall operational and financial health of provider networks. Impact…

Nursing Burnout and Costs: Reflecting on Common Drivers of Hospital Financial Woes

March 8, 2024Garrett Schmitt

Background A quick search online will show that most individuals go into the field of nursing for similar reasons; the National Institutes of Health (NIH) sums it up nicely, citing nurses have “…a desire to serve others…a personal calling…and a desire to work in the [healthcare] field with the sick, in a noble and caring…

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