The healthcare industry is witnessing a paradigm shift. Value-based care is becoming more commonplace over the traditional fee-for-service (FFS) model. Healthcare providers are the primary stakeholders in value-based care, and thus responsible for making pivotal changes in care delivery to enable value-based contracting. According to Deloitte research, between 2014 and 2020, there was a 19% increase in the proportion of providers who say they have a prominent role in limiting the use of unnecessary treatments and tests.

The rising importance of patient centricity in the healthcare environment means that the patient’s voice is now at the center of vendor development and provider deployment efforts. This increasing patient self-reliance has transformed care delivery norms, acknowledging the patients’ desire to participate in their healthcare proactively. With the winds of digital transformation, patients are now starting to weigh their healthcare options as an online shopping experience.

The next step on a moonshot journey

In March 2020, both the Centers for Medicare & Medicaid Services (CMS) and the Office of the National Coordinator for Health Information Technology (ONC) released final rules to promote patient access and improve data exchange arrangements under the 21st Century Cures Act.

In order to manage costs and boost employee productivity, employers need to make sure that the health benefits they are offering are customized according to what employees actually need.

Since its inception in 1965, the Medicaid program has evolved, providing health insurance to young children and children with special medical needs. According to research findings by Medicaid.gov child enrollment data for September 2020 represents 49.5% of total Medicaid and the Children’s Health Insurance Program (CHIP) enrollment.

Background

Patient engagement is all about empowering patients to make their own healthcare decisions, a concept that will become even more vital as the healthcare industry continues to shift to value-based care. To improve health outcomes through informed decision-making and encourage people to become actively involved in their health, some of the leading healthcare providers use Innovaccer’s versatile patient engagement suite, InConnect Outreach.

While the COVID-19 pandemic gave us the necessary push to establish virtual care as a viable model of receiving and delivering healthcare, it also allowed us to apprehend the challenges of making virtual care a living reality. Addressing the need for an end-to-end virtual care solution aimed at facilitating seamless televisits, Innovaccer launched its Virtual Care Network (VCN) solution. The versatile VCN solution can function with other Innovaccer applications or be used as an independent tool for an integrated user experience.

Healthcare reimbursements and increasing consumerism have made it critical for healthcare executives to understand and unlock the power of their organizations’ data. Health systems are progressively leveraging their data to eliminate waste, enhance efficiency, and deliver upgraded patient service. For public or private fee-for-service organizations, the market demands competition on clinical, financial, and service outcomes founded on the data examined by providers, payers, patients, and purchasers.