Becker's Hospital Review 5th Annual Health IT and Revenue Cycle Conference Presentation Recap: Population Health through Value-Guided Care

By Jennifer Nicholson, HP2 Program Manager at Northeast Georgia Health System, Dr. Carl Couch, Chief Medical Officer and Moshe Starkman, Senior Director, Value-Based Reimbursements | Posted: 11/07/2019

nThrive value-based care solutions for health care

Recently, Jennifer Nicholson, HP2 Program Manager at Northeast Georgia Health System, Dr. Carl Couch, Chief Medical Officer and Moshe Starkman, Senior Director, Value-Based Reimbursements at nThrive, spoke at Becker’s Hospital Review 5th Annual Health IT and Revenue Cycle Conference discussing how population health programs can flatten costs and achieve value in multiple contracts.

The future for value-based reimbursements

Health care organizations are continually working to cut rising costs while providing quality patient solutions. Part of this initiative is to replace the traditional fee-for-service model for value-based reimbursements which allows providers to focus more on the quality of the patient care rather than the quantity. Health care providers are turning to value-based initiatives to ensure better care for their patients in a more appropriate setting.

The fee-for-service payment model was designed as a profit enterprise that considered patients more as consumers than beneficiaries. As a result, health care costs have continued to skyrocket in the U.S. Our hospitals and health care organizations are some of the best in the world, but many patients are not able to afford the costs and/or it is not worth the cost in their eyes.

Due to these crucial factors and countless more, the current volume-based payment models will eventually yield to more patient-centric value-based care models. It is not a question of “if” Alternative Payment Models will become the predominant basis, but simply “when” and in what form.

Population Health

Population health is key to achieving reduction in health care costs and better revenue cycle management, all while improving overall patient satisfaction and patient solutions. Having greater access to health care data and contemporary health information technology allows the health care industry to deliver on high quality and provide affordable health care for anyone in need. Ultimately, if we take a deeper look into our communities and what consumers are looking for, we can make population health work for patients and providers. Every community holds inherent advantages and disadvantages which need to be accounted for by health care organization’s when defining an effective and successful population health strategy.

The road to more affordable, higher quality health care is not yet paved, but recent investments in health information technology, improved medical coding practices, and now stronger and broader health care analytics have begun to bend the cost curve which is promising to deliver to a level of excellence.

nThrive’s proven health information technology and revenue cycle management solutions can help your health care organization unlock the power of data and analytics to boost your level of care and strengthen revenue. To learn more, e-mail us at solutions@nThrive.com or call us at 678-323-2500.