The shift in total joint replacement procedures from inpatient to Ambulatory Surgery Centers has the potential to reduce costs while maintaining at least the same level of quality outcomes. However, patients and doctors still need to look at the potential risks involved.
The exorbitant cost of healthcare in the U.S. doesn’t always equate to the best healthcare quality. A value-based care model focuses on whether appropriate care was provided and if it was effective. Here are the main ways healthcare quality can be measured.
As we prepare to return to a post-Covid19 normal, we’re reflecting on what we learned from our work-at-home experience. While it’s difficult to replace face-to-face interaction, the opportunity to be fully remote allowed us to strengthen our relationships and enhance our ability to collaborate effectively across telecommunication mediums.
Many accountable care organizations (ACOs) focus on primary care as the cornerstone for their value-based care programs. Adding episodes of care and specialist engagement can be transformative to a successful ACO strategy.
In theory, upfront knowledge of the cost of healthcare services is beneficial. However, the market economics of patients “shopping” for healthcare will only work when the price, service, and quality of service are all factored in to establish overall value.
As the healthcare industry continues to move toward a value-based care model, everything from laws to data standards have had to change. However, we know from experience that the promise value-based care offers far exceeds the effort it will take to get there.
In an effort to fix healthcare in America, some will focus on the cost of healthcare, while others focus on quality. We have found the best solutions are focusing on both cost and quality. In fact, Aver partners recognize 20% average saving in programs through combined improvement in quality and cost.
Value-based care not only advances quality and equity in healthcare, it can also accelerate innovations in how care is provided. In the final installment of our series on value-based care, we will be looking at how value-based care encourages innovation and how that innovation feeds back into value-based care.
Value-based care holds the healthcare industry accountable to providing quality outcomes for their patients. That accountability may even help underserved communities. In this installment of our Value-Based Care series we will be looking at how value-based care addresses healthcare equity in the US.