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For value-based care, virtual options aren’t always beneficial, study shows

July 14, 2023Garrett SchmittCOVID-19, FQHCs, Telemedicine, virtual care

Tackling value-based care is crucial with the upcoming 2030 mandate by CMS. But it can be challenging for providers to deliver equitable care while hitting value-based care goals. A new telehealth study by the University of Texas McCombs School of Business found that virtual care did not significantly lower costs, or reduce the number of…

RECORDED WEBINAR: Client Review: How Harnessing Healthjump’s EHR Data Results in Time Savings for Practices

July 13, 2023Garrett SchmittNo CommentsACOs, vbc, Webinar

 Download Slides In this webinar, Healthjump’s Director of Product Delivery, Laura Stewart, who will be leading a live client product review with our customer Claire Zimmerman, Senior Vice President of Product at Equality Health, and her client Nikki Smith, Office Manager at Sun Lakes Family Physicians. Discover how Healthjump’s innovative EHR integration platform has…

How retail acquisitions will accelerate adoption of value-based care

July 12, 2023Garrett Schmitt

Recent retail acquisitions in health care like those undertaken by Amazon, CVS, and Walgreens are leading many to wonder what the industry’s future will look like. One thing is certain: these deals confirm that innovation and transformation are coming to the health care industry. I predict that we will see these companies address huge problems related to the adoption…

How Payers Can Identify Providers for High-Performing Networks

July 12, 2023Garrett SchmittACA, MA

Enrolling in the right health plan can significantly influence healthcare costs and consumer health outcomes. Despite significant healthcare spending, the United States has the worst health outcomes among high-income countries. In 2021, the US spent 17.8 percent of gross domestic product on healthcare, nearly twice as much as the average high-income country, a study from the Commonwealth…

How Value-Based Payment Can Improve Drug Spending, Utilization, and Equity

July 12, 2023Garrett Schmitt

The cost of medications continues to rise, spurred in part by the introduction of new and costly drug therapies. These increased costs have caused policymakers, public payers (i.e., Medicare and Medicaid), and commercial health insurers to closely examine the results achieved by such therapies and consider the growing disparities in drug access and outcomes. The Inflation…

AI And Other Technology Can End The Great Healthcare Paper Chase

July 11, 2023Garrett SchmittEHR, ICD-10-CM

Just as smart industries are putting aside their paper-laden processes and embracing exciting technologies, healthcare is ditching many cumbersome manual practices—albeit at a much slower pace. As a healthcare tech CEO, I cannot wait to see our industry catch up to our peers in using artificial intelligence (AI), large language models (LLM), machine learning (ML),…

RECORDED WEBINAR: MIPS Value Pathways MVPs How to Succeed in Post Traditional MIPS

July 11, 2023Garrett SchmittNo CommentsACOs, vbc, Webinar

 Download Slides CMS intends to phase “Traditional MIPS” out of the Quality Payment Program in a few short years. To avoid financial penalties, groups will need to demonstrate their value-based care acumen by reporting MIPS Value Pathways (MVPs). Learn how to create and implement an MVP strategy now that will give you an advantage…

Policy guidance offers strategies to shift to value-based health care and payment

July 10, 2023Garrett SchmittAmerican Heart Association, digital health, health equity, SDOH

The American Heart Association, a global force for longer, healthier lives for all, is advocating for a shift away from the current health care payment system in the U.S., which is primarily based on fee-for-service, to a value-based payment (VBP) system. A VBP system is person-centered, equitable, coordinated and seeks to improve outcomes and experiences…

How ACOs Are Integrating Behavioral Health Services

July 7, 2023Garrett Schmittmental health

Many Accountable Care Organizations (ACOs) are eyeing behavioral health integration to drive down the cost of care, boost accessibility and improve overall health outcomes. ACOs work outside the traditional fee-for-service model. Instead, provider reimbursement is tied to the quality of care and overall spending reduction. While several studies have documented the impacts of behavioral health…

Hospitals with Health Equity Factors Face Value-Based Penalties

July 6, 2023Garrett Schmitthealth equity, hospital, hospital readmissions

Hospitals with more medically complex patients, uncompensated care, and patients who live alone are more likely to receive a penalty under CMS value-based payment programs, according to a new study calling for change to the programs. The study from the Federation of American Hospitals and Dobson DaVanzo and Associates, LLC suggests value-based payment programs like the Hospital…

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