How Value-Based Incentives are Surging Outpatient Care

Outpatient Care

Modernized clinical practices, shifting patient priorities, and monetary enticements are some of the driving factors in boosting outpatient services. According to Deloitte Insights, based on data from an AHA annual survey, hospital revenue from outpatient services increased from 30% to 47% between 1995 and 2016.

To gather a comprehensive understanding into what is steering expansion in outpatient usage and a decrease in inpatient care, using Medicare data of claims between 2012 and 2015, the Deloitte Center for Health Solutions performed an analysis and discovered three valuable insights:

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Strategies to Improve the Well-Being of Healthcare Employees

Strategies to Improve the Well-Being of Healthcare EmployeesWith increased employee turnover rates, compromised patient care, and elevated rates of errors, healthcare organizations are driving strategies to boost the well-being of their medical staff — including physicians, nurses, and support staff.

In this article we will cover initiatives to holistically improve the well-being of those who dedicate their time and talents to caring for others. But first, let’s review the hard truth about the state of our medical community’s wellness.

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5 Ways Virtual Reality is Enhancing Healthcare

Virtual RealityVirtual Reality (VR) technology is paving the future for people, and patients, in more ways than you may realize. Here are five examples of how VR is enhancing the healthcare landscape.

Reducing Chronic Pain

Chronic pain is a widespread medical condition, over 10% of Americans — 25 million people — battle it daily, and use pain medications in search of relief and a better quality of life.

Opioid addiction has become an epidemic in the United States, and takes the lives of nearly 100 people every single day. Healthcare professionals are in search of alternative solutions that are safe and non-habit forming.

Virtual Reality is one possible therapy that could offer relief, as it has been documented to help reduce pain by 25 percent. Evidence shows that “Medical VR” — virtual reality therapy — can prohibit the brain from processing pain, particularly for patients who are admitted in the hospital. The domino effect is that patients can have a shorter stay, continue healing at home, which ultimately reduces the cost of healthcare.

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Telemedicine vs. Telehealth — What’s in a Name?

Telemedicine vs. Telehealth — What’s in a Name?William Shakespeare, the famous writer of “Romeo and Juliet,” did not believe that names should matter too much.

He wrote Juliet’s line to say:

“What’s in a name? That which we call a rose

By any other name would smell as sweet.”

But many of us would disagree with Mr. Shakespeare on how much a name matters, including the use of healthcare lingo.

Our collective medical community is comprised of both telemedicine and telehealth — and in many cases — the terms are used interchangeably. But, do they mean the same thing? That is a topic of debate. Many believe there is a distinction.

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Big Data Analytics in Healthcare — Predictions on Growth

Big Data Analytics in HealthcareAccording to a recent survey in January 2019 by NewVantage Partners, nearly 80% of healthcare execs are investing more in Big Data. In addition, they’re increasing investments in artificial intelligence (AI) as well. Over 70% of healthcare executives reported that their organizations are accelerating investments in Big Data analytics and AI, citing disruptive forces and industry competitors as major motivators for increasing spending.

These survey insights seem to be an accurate preview of the latest research study, titled, Big Data Analytics in Healthcare Market.” In 2017, the Global Big Data Analytics in Healthcare Market was valued at $16.87 billion, and is projected to reach $67.82 billion by 2025, growing at a CAGR of 19.1% from 2018 to 2025.

Big Data’s commanding influence by key players include All Scripts, Cerner, Dell EMC, Epic System Corporation, GE Healthcare, Hewlett Packard Enterprise (HPE), International Business Machines (IBM) Corporation, Microsoft, Optum, and Oracle Corporation.

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Blockchain Predictions in Healthcare

Blockchain Predictions in Healthcare The ‘Blockchain in Healthcare Today’ review board discussed their major predictions for the next 12 months. Based on their responses, here are 10 significant themes for the future of blockchain in healthcare.

  1. Blockchain will become an essential part of consent management in healthcare

Currently, consent is stored in provider’s electronic health records and hospital record departments. Consent is procured for every procedure and/or at each patient visit. There are startup agencies who are innovating the consent process in a radical way —storing patient consent for data exchange, privacy

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Healthcare Disrupters

Healthcare disruptors

dis·rupt

verb

  1. interrupt (an event, activity, or process) by causing a disturbance or problem.
  2. drastically alter or destroy the structure of (something).

The evolution of healthcare is what it is today because of disruption. Innovators, inventions, trial and error, technology advancements, clinical trials — they all play a role in progressing as a global sector.

Behind the significant milestones within healthcare are people…the disrupters.

Here are six of the most influential people, drastically disrupting healthcare, as we know it today. This article highlights key influencers culled down from a much longer list of 100 influential people by Modern Healthcare.

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2019: The Year of Artificial Intelligence in Healthcare

2019: The Year of Artificial Intelligence in HealthcareThe buzz words in healthcare, “Big Data,” have been a hot topic for years now, and they aren’t going anywhere…anytime soon.

The volume of available data in healthcare is forecasted to increase at a compound annual growth rate of 36%, as IDC stated in a recent report, outpacing the growth rate of nearly every other major industry.

Over the course of 2018, an immense need to ensure these data assets are accurate, trustworthy, timely, accessible, and secure was the driving force behind big investments in new infrastructure, innovative partnerships, and workflow optimization initiatives.

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Health Equity: The Forgotten Aim

Health Equity: The Forgotten Aim

In our blog earlier this month, we discussed the “Triple Aim” — an initiative launched in 2007 by The Institute for Healthcare Improvement (IHI). It was created for healthcare organizations to enhance a patients’ experience (i.e. quality, access, and reliability) while reducing the per capita cost of care.

However, prior to the Triple Aim’s evolution, The Institute of Medicine (IoM) identified six “Aims of Improvement” in 2001.

  1. Safe
  2. Effective
  3. Patient-Centered
  4. Timely
  5. Efficient
  6. Equitable

The IoM defines Equitable as providing care that does not vary in quality because of personal characteristics such as gender, ethnicity, geographic location, and socioeconomic status.

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