{"id":67903,"date":"2022-09-16T16:51:40","date_gmt":"2022-09-16T20:51:40","guid":{"rendered":"https:\/\/hitconsultant.net\/?p=67903"},"modified":"2022-09-16T16:51:43","modified_gmt":"2022-09-16T20:51:43","slug":"report-the-state-and-science-of-value-based-care","status":"publish","type":"post","link":"https:\/\/hitconsultant.net\/2022\/09\/16\/report-the-state-and-science-of-value-based-care\/","title":{"rendered":"Report: The State and Science of Value-Based Care"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

What You Should Know:<\/strong><\/p>\n\n\n\n

– Providers believe 96% of payment is now value-based in some capacity, and 58% believe their EHR vendor won\u2019t be able to support the data strategies required to thrive under value-based care<\/a>, according to a new study conducted by Morning Consult and Innovaccer.<\/em><\/p>\n\n\n\n

– The 37-page national research study uncovers key IT infrastructure issues healthcare leaders said are impeding or essential for progress towards accelerating their transformation to value-based care.<\/p>\n\n\n\n

The State and Science of Value Based Care<\/strong><\/p>\n\n\n\n

Only 4% of providers today report using pure FFS with no links to quality and value, and that plummets to 1% by 2025. Providers believe the payment model that\u2019s historically dominated in healthcare has flamed out, and that 96% of healthcare payment today has connections to care quality, cost reductions and, in some cases, patient experience. That leaps to 99% by 2025.<\/p>\n\n\n\n

Moreover, while providers report they have moved 96% of their revenue into some form of performance risk, 80% of those programs operate on a FFS architecture, where claims submission (as opposed to population-based payment) remains the driving force for value-based analysis and payment. The FFS architecture is even present in Shared Savings models, according to respondents, where healthcare costs are compared with a goal, and providers and payers share in the savings or losses.<\/p>\n\n\n\n

– 58% said they didn\u2019t believe their EHR vendor could support their enterprise data strategy.<\/p>\n\n\n\n

– 42% said their data is highly fragmented and siloed, a blind spot for insights, workflows, actions, and reporting essential for value-based care delivery.<\/p>\n\n\n\n

– 48% said they\u2019re not confident their organization has the infrastructure to capture and use the full range of patient data.<\/p>\n\n\n\n

– 41% said their organization needs population health analytics to advance their enterprise data\/information strategy, making it the #1 capability sought among ten priorities offered.<\/p>\n\n\n\n

– 68% said their organization doesn\u2019t have the AI capabilities to drive digital transformation essential for value-based care.<\/p>\n\n\n\n

– 69% of healthcare leaders said they aren\u2019t using technology to identify at-risk patients.<\/p>\n\n\n\n

– Despite a 94% increase in the number of executives who expect consumer-generated data to have a high impact on SDoH by 2025, 72% of respondents aren\u2019t integrating medical and social determinants data.<\/p>\n\n\n\n

In addition to presenting key findings on providers\u2019 outlook on value-based care, the State and Science of Value-Based Care<\/a> report covers value-based care challenges and opportunities reported by respondents; addresses the people, process, and technology gaps respondents said must be bridged; and provides expert commentary and guidance to help providers to put their data to work to accelerate their transition to value.<\/p>\n\n\n\n

\u201cThe research shows a strong relationship between an organization\u2019s investment in modern digital infrastructure and their ability to succeed with value-based payment models,\u201d Stevens said. \u201cDigital investments will be the deciding factor for more mature risk-bearing organizations. The key to value-based care is the ability to integrate data from EHRs and other IT silos\u2014clinical, claims, labs, pharmacy, telehealth, remote monitoring, social determinants, consumer-generated, you name it\u2014into a unified patient record that lets providers drive the analytics-driven workflows, care management, risk stratification, and patient engagement strategies to drive better outcomes at a lower cost.\u201d<\/p><\/blockquote>\n\n\n\n

For more information, download the State and Science of Value-Based Care<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

What You Should Know: – Providers believe 96% of payment is now value-based in some capacity, and 58% believe their EHR vendor won\u2019t be able to support the data strategies required to thrive under value-based care, according to a new study conducted by Morning Consult and Innovaccer. – The 37-page national research study uncovers key IT … Read More<\/a><\/p>\n","protected":false},"author":81,"featured_media":67904,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[522,1117,1803],"tags":[3741,1761,32772,1683,3144,35605,899,967,1060,2507,1357,3292,26360,2995,1356,2729,2047],"yoast_head":"\nReport: The State and Science of Value-Based Care<\/title>\n<meta name=\"description\" content=\"State and 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