Data – how you capture it, how you analyze it and how you leverage the insights gleaned from it – is one of the most valuable tools healthcare organizations have in their arsenal to meaningfully improve the patient experience and overall health outcomes while reducing costs.
To truly achieve value-based care, patients must be placed at the center of the healthcare system. This sentiment is front and center in CMS’ Data Driven Patient Care Strategy, an offshoot of the agency’s MyHealthEData initiative. Recognizing that data – quality data, cost data and patient-specific data – is what will drive a patient-centered system, CMS is seemingly dedicated to putting this data in the hands of patients, empowering them to make informed, educated decisions about their care.
In response to patients’ increasing demand for more information about their health, Apple has launched Health Records, a personal health record (PHR) feature that aims to combine a patient’s existing healthcare-related data found on their personal Apple device with data from an electronic health record (EHR) of a hospital they have visited.
Healthcare organizations spent much of the past year wondering what healthcare reform might look like under a new Administration. Although uncertainty remains, one thing is clear: healthcare is increasingly becoming data-driven in its nature, transactional in its design, real-time in its speed and ultimately consumer-centric in its focus.
The fact that the Medicare Access and CHIP Reauthorization Act’s (MACRA) Quality Payment Program (QPP) and the two pathways within—the Merit-Based Incentive Payment System (MIPS) and Advanced Alternative Payment Models (Advanced APMs)—are complex comes as no surprise. The entirety of managing and improving patient outcomes while maintaining cost efficiencies is no small feat. Providers’ understanding of and readiness to operate within QPP requirements is paramount to successful implementation of value-based care.