Provider’s Impact:
Payer’s Impact:
Health insurers shall be leveraging predictive modeling algorithms, that can help forecast which patients are likely to have significant health costs.
Some health plans are already bringing up tools that shall help in identifying patients who may be hospitalized or suffer complications in coming months. From a payer standpoint these are valuable information as they can literally come up with plans focused on these groups of population.
Such patients are then proactively reached out for preventive care alerts and timely interventions will ensure droppage in patient visits. In case of patients requiring follow ups, all such patients alerts can be reported to the provider for their attention.
Where are we today?
With a continuous shift to Value based programs, CMS has come up with a number of initiatives like Hospital Value Based Purchasing under Hospital Quality Initiatives. This is an effort to reward high performing providers for the quality of care they provide. There are number of programs that CMS has introduced like –
These programs finally adjust payments to hospitals based on the quality of care they deliver. CMS also makes the data available to consumers with the goal of driving quality improvement through measurement and transparency by publicly displaying data. This approach finally enables consumers to make more informed decisions about their health care.
Additionally during the post covid era, these programs will potentially also interface with virtual care strategies i.e. tele health programs integrated with remote patient monitoring capabilities to deliver larger care services to both urban and rural communities across the country.
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