Using Social Determinants of Health to Manage Healthcare Cost, Utilization and Outcomes
Value-based care (VBC), with its capitated payment contracts, demands every opportunity payors and providers can manage to keep costs at par. So, they have increased efforts to collect and integrate social determinants of health (SDoH) data into their workflows.
While community organizations and the Centers for Medicare & Medicaid Services (CMS) are working on new quality measures to attach to value-based contracts, payors and providers are seeking new data and solutions to use it to identify avoidable utilization and unnecessary costs, then reallocate resources saved through VBC to address SDoH.
Gray Matter Analytics’ scalable, cloud-based CoreTechs® VBC Analytics Solution captures and synthesizes data that will help improve the likelihood of care plans to control quality and cost according to contracts, reduce unnecessary high-cost utilization and support payors and providers in improving health outcomes.