Patient Engagement Technology an Innovative Tool for Healthcare Industry, End User Market Trends and Analysis – (Pricing, Replacement Trends, Selection Criteria, and Buying Behavior)
ValidCare, LLC (Centennial, CO), the industry’s only patient experience network for surgical patients is excited to announce its partnership with Marcia Friesen & Associates, LLC (Chicago, IL), a global healthcare consulting firm specializing in customized orthopedic and healthcare solutions.
Telehealth is arguably one of the best tools available to help lower hospital readmission rates, and it should be more widely leveraged because readmissions aren’t dropping as fast as many stakeholders would like.
If so, you are not alone… Over 1,200 hospitals are in the same boat despite their best efforts. Typically, symptoms (e.g., site infection, prosthetic issues, etc…) leading to unplanned readmissions occur outside the clinical environment leaving the care team blind until the patient shows up in the Emergency Department.
The Centers for Medicare & Medicaid Services (CMS) is effectively implementing a strategy to shift Medicare Fee-for-Service (FFS) payments to alternative reimbursement models. CMS proposed the first mandatory bundled payment model, i.e. the Comprehensive Care for Joint Replacement Model (CJR) in July as a 5-Year Program CY2016-2020.
For hospitals and physician group practices (PGPs) comfortable enough to adopt a “wait and see strategy” towards bundled payments, consider the early results of two awardee conveners in the Centers for Medicare and Medicaid Innovation’s (CMMI), Model 2, Bundle Payments for Care Improvement (BPCI) Initiative.
Physicians are schooled to be data-driven, objective problems solvers. From the early days of medical school, teaching the practice of medicine has involved deductive reasoning, problem solving and using data to help drive our thought-process and make decisions.
Advancements in Patient Engagement technologies are emerging to drive focused improvement within the surgical episode of care. Coordination of Care is driving improved profitability through reduced readmissions and better outcomes. As government mandates on Quality emerge for Provider consideration and reaction, improving Patient Experience and Reported Outcomes will become a primary concern for many Healthcare Executives.
In January, Health & Human Services (HHS) Secretary, Sylvia M. Burwell announced ambitious goals to transition Medicare hospital and physician payments from the fee-for-service structure towards value-based payments. The first goal was to achieve 30% of payments through alternate payment models like ACOs and bundled payments by 2016. Among many programs, one strategy to achieve this target was the Comprehensive Care for Joint Replacement (CJR) Model announced in July.