Healthcare organizations looking to cut costs and improve patient care are increasingly exploring how the conditions in which people live and work contribute to long-term outcomes.
Research now indicates that the social determinants of health (SDOHs), such as housing stability, access to transportation, and psycho-social safety, have an outsized impact on a patient’s ability to engage with the healthcare system and follow treatment plans for chronic and acute conditions.
Yet healthcare systems are still struggling to understand their patients’ challenges and how to connect individuals with the support they need. (more…)
With the nation’s healthcare spending projected to top $6 trillion by 2027, regulators and payers are turning to value-based care strategies to curb unnecessary costs while nudging the United States up the list of countries with high-quality patient outcomes.
Value-based care models require healthcare providers to take accountability for the spending and outcomes of a defined population of attributed beneficiaries. Participants must meet challenging financial and clinical targets in order to gain incentives or avoid negative payment adjustments.
The rapid adoption of value-based care models has put pressure on healthcare organizations to enhance their visibility into the challenges and utilization patterns of their attributed populations in order to stay ahead of avoidable spending.
For that, they need data analytics. (more…)