In the world of value-based reimbursement, health system CFOs are finding it harder and harder to deny the cost-saving and quality improvement opportunities of health IT outsourcing. According to a Zion Market Research, this market is expected to reach $73 billion by 2024 with a CAGR of 6.5%.
Along with value-based incentives to drive down costs, the health IT outsourcing market will be driven by a widespread lack of IT infrastructure and trained professionals in the healthcare space. Let’s take a look at the benefits, process, and challenges facing this growing industry.
Technology has decreased the distance between people. Outsourced manufacturing has brought together the global economy, Facebook and WhatsApp make it simple to have a conversation with a friend across the globe, and Google makes the spread of ideas across oceans instantaneous.
These trends have also greatly impacted the healthcare industry by shrinking the gap between patients and providers. Telehealth services – while still relatively uncommon – have increased in use over the last several years according to researchers at the Harvard T.H. Chan School of Public Health. Let’s examine the rise of telehealth and how analytics can improve the experience for both patients and providers.
More than 90% of American hospitals have been computerized over the past decade. The goal has been to simplify physician tasks and free up time for patient care. That said, physicians spend approximately two hours doing computer work for every hour spent face-to-face with a patient.
If this is the case, would it be a stretch to say that the wave of computerization has made life more difficult for physicians rather than easier? And if that is the case, what can be done to maximize the benefits of technology in healthcare without making life harder for staff and potentially sacrificing the quality of patient care? (more…)
We are all unique individuals. But despite our differences, we share one thing in common: we are all patients. At every stage in our lives, we place our trust in our healthcare system to be there for us to provide safe and quality care. But have you ever experienced a time where you received anything but that?
We are back from a successful HIMSS17 show in Orlando. During the conference, I spent much of my time on the show floor, talking to leaders of various healthcare organizations. In addition, I attended many of the educational sessions that HIMSS offered at the event.
Tweet: 3 takeaways from HIMSS17
In both the exhibition hall and the sessions, the themes that came through most clearly were excitement, optimism, and a certain sense of relief. Let’s take a look at how these themes came through in the various topics that generated the most buzz and the takeaways from HIMSS17. (more…)
In my last two blog posts, I discussed the challenges and benefits of meaningful use. In my first post, I talked about how many in healthcare view meaningful use as less than meaningful. In the second post, I looked at the flip side and how organizations can actually find meaning in it. In this blog post, I’d like to further examine this topic and the great benefits to healthcare that I think are possible if we are actually able to get meaningful use right. Imagine that!
Let’s go back to our meaningful use timeline for a moment:
- Stage 1 started in 2011. In this phase, healthcare organizations had to prove that they had technology in place and that they could use the technology as they should.
- Stage 2 started this year, and is proving to be much more difficult than Stage 1. In Stage 2, in short, providers must be able to get the data and validate that they are getting everything and can report it electronically.
- Stage 3, which will start in 2017, is when healthcare organizations will have to prove that they are getting value from their electronic health records. This is where the rubber meets the road and we’ll really find out what meaningful use is made of.
So what will happen in Stage 3 if we get everything right and figure out how to meaningfully use this technology that we’ve implemented? I think there are three results that could dramatically help healthcare. (more…)
In my last blog post, I talked about some of the challenges of meaningful use, and about how many healthcare providers view it as less than meaningful. It’s hard for clinicians to embrace this initiative when they view the change that comes with it as making their jobs harder, and they can’t readily see the benefits of it.
So where do we go from here? How do we find the meaning in meaningful use? (more…)
Whenever I mention the words “meaningful use” to someone in the healthcare industry, I am usually met with a sigh and an eyeroll. And that’s if they’re being nice.
Meaningful use is getting a bad rap these days, with many sharing the sentiment that meaningful use seems, well… less than meaningful.
Fact is, meaningful use is hard – probably harder than many providers thought it would be. In fact, new statistics from the Centers for Disease Control and Prevention estimate that only 18% of doctors may be eligible for meaningful use incentives¹, while John Halamka, CIO of Beth Israel Deaconess Hospital in Boston (and someone who is outspoken on many health IT issues), estimates that 80% of hospitals will fail to attest to meaningful use Stage 2 on time².
Meaningful use started with such promise when the Centers for Medicare and Medicaid Services (CMS) created incentive programs so that hospitals could improve patient care and outcomes through the “meaningful use” of electronic data from certified EHR systems. As of October 2013, 85% of eligible hospitals and more than 60% of eligible professionals had received a Medicare or Medicaid EHR incentive payment through the program for Stage 1. So what went wrong? (more…)