It's Probable That You're Losing Money Due To A Lack of Information About Your Patients
Healthcare organizations and health insurers are increasingly using Value-Based care (VBC) payment models by leveraging Population Health Management Platform to enhance healthcare outcomes while decreasing costs of medical care. The VBC agreements are designed to promote proactive risk management and preventative interventions, quantifiable better results including reduced hospital readmissions and cost savings. However, many healthcare organizations struggle with the patient demographic data required to deliver care. They may be unaware of Social Determinants of Health (SDoH), including the economic, social, and geographical factors that considerably impact an individual's well-being. Significance of Population Health Management Platform: The incapability of healthcare professionals to acquire Pop Health information to understand their patient groups leads to gaps in care, lower health outcomes, and higher expenses for the Medicare system, community members, and family members, all the polar opposite of Value-Based care. Practitioners and insurers who use the Population Health Management Platform, on the other hand, can effectively coordinate care to improve outcomes and cut costs by having a proper depiction of an individual's health condition, earnings and living
conditions, access to quality care services, individual lifestyle and other contributing factors to an individual's well being. Pop Health Management Platform for VBC: To accomplish the aims of the VBC program, healthcare organizations and insurers must have a proper grasp of the expenditures of care delivery. These kinds of insights have to keep coming from a reliable source by 1) Utilization statistics 2) Refined health data analysis to identify high-cost categories To acquire such data, healthcare practitioners require a high-quality Population Health Management (PHM) system. Incorporate a Data-Driven Approach: Health professionals can help individuals maintain and even prevent the progression of chronic illnesses, optimize clinical usage, and minimize unnecessary emergency room visits by using data-driven information and insight about Pop Health, dedicated preventive care practices, and proactive interventions. Besides that, increased accessibility into patient groups through the Population Health Management system can assist health insurers and practitioners prevent network breaches, select experts for consults and referrals, and evaluate potential for individual support and education to stimulate preventative care over costly emergency services. Practitioners and insurers can implement targeted activities to get a deeper understanding of patients and member groups and assure the effectiveness of VBC activities. Conclusion: By adhering to the value-based care program's criteria and adopting the PHM system, the primary care delivery system will sustainably reduce costs while boosting the quality and level of care and overall patient satisfaction.