With all the recent buzz around generative artificial intelligence (AI) related to ChatGPT, it’s reasonable to have mixed reactions to emerging technologies. However, many AI technologies — including optical character recognition, natural language processing and machine learning — are widely established and have proved highly reliable in driving health care innovation for payers, providers and…
CMMI was created by the Affordable Care Act in 2010, with the goal of promoting value-based care and building pilot programs that would test new approaches in Medicare, Medicaid and the Children’s Health Insurance Program. Between 2011 and 2020, the center launched nearly 50 models, though only six generated statistically significant savings and four were…
State Medicaid programs are increasingly overhauling payment structures in favor of value-based payment systems. A new report suggests that value-based payment reform may decrease mental health emergency room visits. Value-based payment strategies reward providers and health plans with incentive payments for the quality, rather than quantity, of care provided to patients. A new study published…
In theory, electronic health records (EHRs) have the potential to transform the healthcare landscape. They were expected to provide a digital hub that would enable seamless communication and information sharing between providers, boost efficiency, improve the quality of care, and foster optimal patient and clinician experiences. The reality, unfortunately, has not matched the possibilities. While…
Given Artificial Intelligence’s potential to improve patient care and reduce costs, it’s no surprise that AI applications are gaining momentum in health care. As your organization explores the benefits of AI in your journey towards Value-Based Care, however, you need to carefully assess the implications, for better and worse. Evaluating AI implications can be tricky….
Download Slides The Centers for Medicare and Medicaid Services (CMS) is displaying a strong commitment to transitioning the healthcare system towards 100% value-based care (VBC) by 2030. This ambitious goal signifies a significant shift from the traditional fee-for-service model to value-based payment models. The move towards VBC is driven by the increasing recognition of…
Most providers, payers and payviders believe their value-based care (VBC) programs to date have been somewhat, not very, successful, a recent survey has found. Alongside industrywide trends, the Terry Health survey sought to identify areas in which the VBC experience of providers, payers and hybrids aligned or were at odds. It reached more than 400…
Download Slides Is your ACO up for the challenges in the CMS Proposed PFS Rule for 2024? While many ACOs have focused mainly on the new APP reporting alternative, there are many aspects to that rule that push ACOs forward in their development as instruments for organizing Value-Based Care. These include a central role in…
Accountable Care Organizations (ACO) represent a growing opportunity for palliative care companies, and providers have a number of ways to get in on the ground floor. Along with Medicare Advantage, ACOs are one of the few avenues towards more robust reimbursement than fee-for-service models. Operators can come to ACOs by two main avenues. For one,…
The end of each calendar year brings with it an atmosphere of heightened scrutiny for risk-bearing health care organizations. These organizations are in a race against time to close risk and quality gaps to maximize their performance and reimbursements in value-based care (VBC). The upcoming Healthcare Quality Week is a timely reminder for organizations to…