Often the key to solving a troublesome problem is approaching it from a different direction. As 19th-century mathematician Carl Gustav Jacob Jacobi wisely noted (and as popularized by renowned investor Charlie Munger), “Invert, always invert.” Therefore, when we consider ways to transform our current health care system in the U.S. to deliver more reliable, equitable,…
No ‘one-size-fits-all’ strategy Practice infrastructure can be a significant factor in the success of musculoskeletal value-based care models. Value-based care models aim to improve the quality of health care while controlling costs, often by shifting from fee-for-service reimbursement to payment models that reward health care providers for delivering high-quality, best outcomes and cost-effective care.
Abstract Introduction Value-based healthcare (VBHC) focusses on increasing value for patients. Hospitals aim to implement VBHC via value improvement (VI) teams for medical conditions. To determine the patient’s perspective on value, collective patient participation is important in these teams. We therefore evaluated the current state of patient participation in VI teams and share lessons learned….
In today’s home health landscape, value-based purchasing is part of the race to the top. Agencies know that in order to achieve certain financial success, the outcomes have to be there. “Providers know that everybody’s getting better,” LTM Group CEO David Kerns told Home Health Care News. “That’s the whole idea of the program. If…
Artificial Intelligence has the potential to greatly improve clinical care and support the transition to value-based care, but also comes with risks. So what role should AI play in value-based care models? The question was posed last week during a panel discussion at CES 2024 that was moderated by Dr. Jesse Ehrenfeld, president of the…
Following July 1, 2022, most group health plans and issuers of group or individual health insurance across the country are required to disclose pricing information of negotiated rates for healthcare services between insurer and provider under the new Federal Price Transparency Rule (The Rule). The stated purpose of The Rule is “empowering consumers with the…
Following July 1, 2022, most group health plans and issuers of group or individual health insurance across the country are required to disclose pricing information of negotiated rates for healthcare services between insurer and provider under the new Federal Price Transparency Rule (The Rule). The stated purpose of The Rule is to “empowering consumers with the necessary…
The Centers for Medicare and Medicaid Services is releasing data on the Acute Hospital Care at Home initiative through the Research and Data Assistance Center. ResDAC collected data from November 27, 2020, through March 30, 2023. As required for participation, hospitals agreed to report to CMS either weekly or monthly. The Acute Hospital Care at…
Researchers from Mass General Brigham, reporting in npj Digital Medicine, detail their development of a generative artificial intelligence (AI) that can identify social determinants of health (SDoH) from a doctor’s notes. The new model, developed using a large language model (LLM), the finely tuned tool identified 93.8% of patients with an adverse SDoH. This compares…
As 2024 unfolds, the healthcare industry is on the cusp of transformative changes. Propelled by technological innovations and the changing needs of patients, there’s a noticeable pivot towards care centered on the patient, focusing on outcomes. This shift heralds a significant overhaul, spotlighting models that are innovative, efficient and tailored to patient needs. Deloitte’s recent…