How Providers Can Tap Technology and Mine Data to Advance Value-Based Care
Healthcare organizations that are participating in value-based care arrangements through government and private payer contracts and as accountable care organizations have long known that using technology and data to improve care is key to success. But getting there hasn’t been easy.
Value-based care — a model that ties reimbursement payments to the quality of care a healthcare organization provides — rewards organizations for keeping populations of patients healthy. An alternative to fee-for-service reimbursement, which pays providers based on how many patients they treat, successful value-based care programs aim to improve quality and patient experience while reducing costs and focusing on prevention and population health.
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