Value-based care (VBC) adoption continues to grow. More than half of healthcare organizations are participating in an alternative payment contracting, while 40% of healthcare payments in the U.S. are tied to alternative payment methods.
Another major trend in healthcare is the realization that social determinants of health (SDoH) have a major impact on patient outcomes. More payors and providers are seeking a comprehensive, holistic view of the patient through SDOH data to better inform care decisions and treatment plans.
To get there requires:
Data, from demographic and community attributes to disease screenings, comorbidities, therapies and follow-up. Data volume, quality and velocity all matter. Poor data quality can endanger outcomes and result in unnecessary cost and utilization.
Insights to the right measures, current scores and explicit ways to close gaps in care, reduce costs and optimize utilization.
Action to achieve higher quality care, better outcomes, increased safety and higher patient satisfaction.
The expanding footprint of VBC along with the recognized need to integrate SDoH data into clinical workflows has increased demand for healthcare advanced analytics platforms capable of leading payors and providers along the path to value.
Advanced analytics creates a path to value by enabling providers and payors to leverage actionable insights in a rapid and scalable way. By acting on these insights, providers and payors can increase revenue, reduce costs and maximize quality to optimize VBC performance.
To learn more about best practices for healthcare data analysis as well as review three in-depth use cases that illustrate the value of advanced analytics to providers and payors, view a webinar by Gray Matter Analytics’ Chief Medical Officer Michael Dulin, MD, Senior Manager for Services and Solutions Christine Blidy and Solutions Analyst Alex Owens. Association for Community Affiliated Plans (ACAP), a national trade association that represents not-for-profit Safety Net Health Plans, recorded the webinar. Watch it on-demand now.