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Championed by government entities like the Centers for Medicare and Medicaid Services and the Department of Health & Human Services, value-based care is here to stay. Hospitals are increasingly participating in value-based programs—such as the Hospital Readmissions Reduction Program and Bundled Payments for Care Improvement—in an effort to improve care delivery and patient outcomes while reducing the total cost of care.
There’s good reason for the push behind value-based care; poor care quality care may lead to more emergency department (ED) visits and higher readmission rates, thereby resulting in increased costs for providers, payers, and patients. To ensure high-quality care, reduce unnecessary health care visits, and experience the full benefits of value-based care, health care systems must use technology to provide more informed, comprehensive care throughout the patient’s journey. Technology helps hospitals and health systems thrive under value-based care models in the following ways…