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The business case for health equity

January 29, 2024Garrett Schmitt

When I was 14 years old, my parents moved our family home within Miami Dade County. We shifted from zip code 33157 to 33183, and as I’ve recently learned, this increased our life expectancy from ~79 years to ~86 years. My parents didn’t have a college education or any access to this type of data,…

ACOs to receive $20M in advance investment payments

January 29, 2024Garrett Schmitt

In 2024, 50 accountable care organizations are new to the Medicare Shared Savings Program (MSSP) and 71 ACOs renewed participation, according to new numbers released by the Centers for Medicare & Medicaid Services (CMS) Monday. The total number of participants now stands at 480 ACO programs, with 245 organizations continuing in ACO REACH and the…

CMS: 480 ACOs Now in Medicare Shared Savings Program, a New High

January 29, 2024Garrett Schmitt

Officials at the federal Centers for Medicare and Medicaid Services (CMS) announced on Jan. 29 the latest numbers for participation in accountable care organization (ACO) programs it sponsors, with a total of 480 ACOs now participating in the Medicare Shared Savings Program (MSSP), the largest number to date. In addition, CMS officials announced on Monday…

Experts weigh in on how to tackle growing teen mental health crisis

January 29, 2024Garrett Schmitt

To turn the tide around on the growing teen mental health crisis, the U.S. needs to overhaul the current behavioral health system, experts argued on a virtual panel, sponsored by Big Health, mid-January. Among the suspected drivers of the worsening crisis are social media and COVID-era isolation, which have led to a lack of socialization…

Re-envisioning the Role of Medical Coding in a Value-Driven Healthcare Landscape

January 26, 2024Garrett Schmitt

While medical coding may not be at the forefront of innovation priorities for some healthcare systems, there is real opportunity for care delivery improvement and systemic cost savings. Instead of perceiving coding solely as a necessary mechanism for fee-for-service reimbursement, progressive healthcare leaders are viewing coding as a catalyst for advancement in population health, value-based…

Novel Approaches Are Essential for Enabling Patient-First Outcomes in Value Based Care Models

January 25, 2024Garrett Schmitt

American healthcare is highly inefficient. Across a variety of long-term health and treatment outcomes and patient safety metrics, the U.S. has lower performance compared with countries of similar economic status, despite spending more money per capita than its peers. In 2022, the U.S. spent an estimated $12,555 per person on healthcare — the highest among…

CVS and Wexner Medical Center collaborate on ACO

January 25, 2024Garrett Schmitt

The Ohio State University Wexner Medical Center and CVS Accountable Care, a part of CVS Health, have announced the creation of an accountable care organization for a coordinated approach to delivering care. The new CVS ACO is a Medicare Shared Savings Program Enhanced track ACO. CVS Accountable Care was formed last year as a result…

How Generative AI Can Support Value-based Care

January 25, 2024Garrett Schmitt

A 360-degree view of the patient is essential in providing clinicians, payers, and patients themselves with actionable insights that can lead to improved outcomes. Artificial intelligence (AI) is increasingly playing major roles in data digitization, prediction analytics, and decision support systems. For example: AI technologies like NLP (Natural Language Processing) and computer vision enable the…

OSU Wexner Partners With CVS Accountable Care on ACO

January 25, 2024Garrett Schmitt

The Ohio State University Wexner Medical Center is partnering with CVS Accountable Care to create an accountable care organization (ACO) to improve the quality of care for Medicare beneficiaries by Ohio State providers in central Ohio through an emphasis on preventive wellness and proactive treatment of chronic conditions. CVS Accountable Care, part of CVS Health,…

AWS to Infuse Another $20M Into Its Health Equity Program

January 25, 2024Garrett Schmitt

On Thursday, Amazon Web Services (AWS) announced plans to funnel an additional $20 million into its health equity initiative, bringing the company’s total investment in the program to $60 million. AWS launched the program in 2021, originally committing $40 million to enable and accelerate the pace of health equity-focused research and innovation. Full Article

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