With Healthcare Providers Transformation Assembly less than one week away, we had a chat with our attendees to find out what their priorities as health care leaders are for 2017.
The following themes stood out.
“Population Health Management is the aggregation of patient data across multiple health information technology resources, the analysis of that data into a single, actionable patient record, and the actions through which care providers can improve both clinical and financial outcomes.” – Wellcentive
Population Health Management has several advantages, both to the patient and healthcare provider.
- Better health outcomes
- Disease management
- Closing care gaps
- Cost saving
Population Health Management provides the process required to monitor and identify a group of individual patients, in the hopes of improving health outcomes within the group.
Using a business intelligence tool, health providers can aggregate data to provide a more holistic clinical picture of a patient. Continuing to track patients can improve clinical outcomes for the patient, lowering costs for the provider as well. By keeping this data, providers can also spot similarities between patients quicker, leading to faster diagnosis and treatment.
Value-based care is an emerging solution designed to address rising health care costs, clinical inefficiencies and duplication of services. This model works to provide patients the care they need.
In value-based models, hospitals are paid for helping keep people healthy and for improving the health of those who have chronic conditions. A significant departure from the traditional fee-for-service approach, where doctors and hospitals are paid based on the number of health care services they deliver. In the traditional model, payment typically has no correlation to whether or not patients saw improved health outcomes.
The value-based approach has been designed around patients and empowering them to understand the cost of treatment.
The notion of patient engagement is in its infancy, but we know it’s already having significant economic impact for payers and providers. Getting patients engaged in their own healthcare minimizes complications and lowers overall health care costs.
Patient engagement is an evolving concept. One that we are looking forward to discussing at the Healthcare Providers Transformation Assembly next week.
We have already witnessed how patient engagement can help payers offset losses from the Affordable Care Act exchanges. Late last year, the CMS announced the creation of their own Person and Family Engagement Strategy.
“This Strategy emphasizes that person and family engagement goes beyond informed consent. It is about including the patients voice in policy and program planning,”The CMS Blog states. “It is about building a care relationship based on trust and inclusion of patients’ beliefs, values, preferences, and culture which can even lead to a reduction in healthcare disparities. Healthcare decision-making should not always be limited to the patient and provider. It is essential to include family members, caregivers, and close friends in the conversation about health when the patient desires inclusion of others.”
The advantages behind patient engagement are numerous.
- Improving the patient experience
- Public and private payers investing in IT system
- Cuts costs
Patient engagement leads us nicely onto the next priority of healthcare leaders in 2017, Physician engagement. This is the process of bringing physicians together with other healthcare stakeholders to continuously improve care and the patient experience.
With new health technology being introduced into the market almost daily and new strategies being implemented across health systems, it’s vital that physicians are on board.
Operational efficiencies are a key priority for healthcare leaders in 2017.
Whether it be through the incorporation of data analytics or improving the patient experience with Telehealth, health systems are looking to digital technology to transform.
ABOUT HEALTHCARE PROVIDERS TRANSFORMATION ASSEMBLY
The Millennium Alliance is pleased to announce that application for our biannual Healthcare Providers Transformation Assembly is now open. Join leaders from North America’s leading Health Systems at the Hutton Hotel on June 5-6, 2017 in Nashville, TN to discuss how the industry is adapting to a healthcare customer-centric transformation.
Health Systems are shifting to become more retail-focused as they respond to consumer demand for new technology, greater price transparency, and cost savings. Despite the unknown future of ACA, these customer-centric policies have never been more important. Businesses must address rapid innovation and competition from non-traditional players, but above all, they must continue to respond to empowered consumers as customer-centric transformation sweeps healthcare.
Through a series of executive education roundtables, keynote presentations, collaborative think tanks, educational workshops, and networking sessions offering insight into industry-specific topics and trends, will help you stay one step ahead.
This is not just another “Healthcare” event. If you work in a Hospital/ Health System and you are the Chief Information Officer, Chief Medical Officer, Chief Information Medical Officer, Chief Innovation Officer or the Chief Clinical Transformation Officer, then you should be attending this event. Spaces are reserved for the best in the business. Enquire about attendance here!