Five Ways Data Analytics Support Success with Value-Based Care
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…)