Documentation, regulatory changes and incentive program criteria shouldn’t stand in the way of delivering quality care and maximizing financial performance. Turn challenges into an advantage with technology that can do the heavy lifting.
As healthcare shifts from fee-for-service to pay-for-performance models, practices that adapt with the change will be well positioned to continue caring for patients and improving their bottom line by taking advantage of value-based payment programs.
Though each program encourages unique methods and outcomes, they share common goals of improving care coordination, access and population health. Likewise, Greenway Health’s solutions have unique features to assist practices in participating and reporting in each program, all with the common goal of taking the documentation and reporting burden off healthcare staff, so they can get back to doing what they do best — caring for patients.
Value-based program participation is a key strategy for maintaining profitability as the healthcare industry evolves. More than 40 percent of reimbursements are currently tied to value-based care and 90 percent of payers offer value-based reimbursements.
Fee-for-service contracts are expected to represent less than a third of provider reimbursements within 5 years, and major payers, such as United, have indicated that they want 70 percent of their contracts on value-based reimbursements and Aetna aims to have half of its providers meeting value criteria by 2016.
Electronic health records and other health IT solutions can lighten the reporting burden for healthcare organizations participating in value-based programs. They can also help ensure requirements are met using tools such as clinical alerts and progress-tracking dashboards. Greenway Health’s EHR and integrated solutions have already helped thousands of practices successfully participate in value-based programs.