From an inability to manage chronic diseases to a heightened focus on rising costs, it’s becoming increasingly apparent that the healthcare system needs to shift from fee-for-service to a model that prioritizes value.
Value-based care technology is the future of healthcare. It focuses on:
Value-based care is quickly becoming the new healthcare model, and it’s critical that providers, payers, and patients alike understand what it means for an organization and how to get there. Unfortunately, few practices have the resources, let alone the data processing capabilities, to truly implement an effective value-based care solution.
In a typical medical practice, doctors, nurses, and other caregivers may be working in separate offices with no easy way to share information. They might use different medical record (EMR) systems that don’t allow them to easily access each other’s notes. This can make it difficult for them to coordinate care across multiple providers.
In contrast, patient care management platforms help reduce these issues by giving providers access to patient data in one location and enabling multiple organizations to collaborate. The software that makes this possible also gives patients online access to their own medical records online so they can more fully participate in their own care planning process.
These kinds of systems are especially advantageous to medical practices, as they can reduce the amount of paperwork and administrative tasks that otherwise take up too much of the time of their staff members. The software also helps an independent practice improve communication with patients and other providers, which in turn makes it easier to coordinate care across multiple medical teams and organizations.
Specifically, these benefits include:
The best way to provide value-based care is with analytics. The more data available, the better. This means collecting as much patient information as possible and creating an EMR that can communicate with other health IT systems in order to share that information.
With all relevant data available, providers gain insight into what works best for their patients and learn how they can improve outcomes. Analytics will allow them to better:
Regrettably, the time needed to collect and analyze data can be prohibitively expensive, especially for smaller providers who may not have the resources to devote to this level of analysis. Even when providers do have the funding to invest in data analytics, they may not know where to start or how to interpret the results.
Expert-level data analysis solutions, like QPathways from TRIARQ, can help providers get the most out of their data by providing them with a set of tools and strategies. Instead of having to reinvent the wheel each time they want to analyze their own data, they can access an easy-to-use platform that can be customized for any type of healthcare organization.
This allows care teams to make their decisions based on empirical evidence, which is essential for ensuring the quality of care provided to patients. They can meticulously track the progress of their patients throughout a single episode of care, and they can also monitor outcomes over time. That way, providers can build a better understanding of which treatments are most effective for different types of patients.
Over time, these sorts of data-integrated solutions can be used to identify the best treatments and preventative measures for specific diseases and conditions. This, in turn, will help providers make more informed decisions about how they can improve patient outcomes.
As technology becomes more advanced and health reimbursement models shift toward value-based care, the role technology plays in patient care management will only continue to grow. Independent medical practices need to adapt quickly and decisively.
The good news is that they don’t have to do it alone. TRIARQ Health is a leader in value-based care technology solutions. It provides independent practices with the support of teams that possess all the knowledge, skills, and tools needed to succeed in today’s rapidly evolving healthcare environment.