Best Practices for Data Analytics in Value-Based Reimbursement

Hospital Analytics

Under the Affordable Care Act, “new payment models incentivize hospitals and health systems to improve quality and outcomes while lowering costs and, in some cases, actually tie quality metrics to reimbursements. This means population health management becomes necessary in order to keep costs down and improve care and patient outcomes.”  Data analytics can help hospitals really manage their patients better, ensuring better care while ensuring maximized payments.

Imagine, more real-time alerts that help manage patients right now, instead of reporting on what’s already happened…

 

Matt Floyd’s insight:

Brief article on the growing importance of a robust analytics system for hospitals, because now hospitals are incentivized to manage patients inside and outside of the hospital:

 

“Hospital analytics in the past were very much focused on evaluating inpatient data,” says Dr. Niloff. “What you need now is data that goes across the entire continuum of care. You need to really understand what’s happening in the outpatient area, because quality [outpatient] metrics have incentives tied to them.”

See on www.beckershospitalreview.com

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