When Should You Use Experts to Develop Data-Driven VBC Strategies?
Value-based care (VBC) continues to gain traction as provider organizations, commercial payors and government programs seek ways to improve patient and population health outcomes while reducing costs.
Making the shift from traditional fee-for-service to VBC is a complex undertaking. Key challenges include:
- Data collection, integration and interoperability. Essential to VBC success, data capture, access and sharing require new tools and training to link the vast amount of patient and member data, often contained in disparate systems.
- Infrastructure and resources. Many healthcare organizations lack the IT capabilities and data analysts to effectively coordinate, manage and monitor care and provider performance against VBC measures.
- Administrative tracking to understanding lagging compliance and course-correct to fill gaps in care and maximize reimbursement or savings.
Consultants can assist organizations with strategic planning, cost/quality analyses and VBC reporting. They can also provide guidance on high-performance analytics solutions that helps payors and providers understand and address the needs of their populations more effectively. First, get them to answer these questions.
- What role do technology and advanced analytics play in uncovering opportunities to improve health outcomes and operational efficiency?
- What is your approach for identifying and addressing gaps in performance?
- How do you help healthcare organizations manage the financial risks associated with VBC contracts?
Check out this Q&A to learn the difference between engaging an independent VBC consultant and using wraparound services for success with Gray Matter Analytics.
