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The COVID-19 pandemic changed how healthcare organizations approach care delivery, but the industry needs more efficient and transparent data sharing methods to accelerate provider transition to value-based care models.
Providers and payers alike are increasingly moving away from fee-for-service and shifting toward value-based payment models, which reimburse providers based on the quality of care they provide rather than quantity.
Value-based care models allow providers to expand care delivery and offer services that may not be traditionally reimbursed under fee-for-service models, such as providing transportation services to facilitate care access, according to Lynda Rowe, senior advisor of value-based systems at Intersystems.
However, this transition is not entirely simple for hospitals and healthcare providers.