Blogs

The process of measuring the performance against a set standard is benchmarking, a simple concept that plays a major role in improving the quality. Today, the need of benchmarking in healthcare is more than ever. Currently, the numbers related to US healthcare create a sense of urgency and demand a future-proof strategy to overcome the mounting challenges. Despite being one of the most developed countries, US is way behind other developed countries.

According to a survey almost 50% of the physicians do not understand MACRA. With less than five months to full implementation of MACRA, are we ready to embrace one of the most elaborate laws of US? And most importantly will it produce the needed positive outcomes?The program is expected to improve the current standards, sort the most persistent problems and create opportunities to rework and revise Medicare. How will all this happen?

The digitization of healthcare was a much-needed change brought after years of hard work and effort. One might wonder how could one justify the expenditure of 10 billion dollars in a span of five years just on digitization! The problem intensifies when after several studies we find out that EHRs only reciprocate around 30-35 cents on a dollar and sometimes the figure dips to 15 cents!

Darwin lived more than two hundred years, and his views on change are accurate even today.

In the last blog, we covered the basics of the upcoming rule MACRA. Just like many other laws, MACRA too is facing a lot of criticism. This has a lot to do with the payment adjustment criteria and the small time window to adapt to it. Under MIPS, practices get adjusted payments based on their performances. Whether it will be positive or negative, that depends on the performance of the practice.

Today, the healthcare services in the US are costlier than ever. Over $10,000 is being spent on one citizen in the US as healthcare charges, but is it reciprocating the kind of health that was expected? Are we even close? Evidently, spending money won’t lead us anywhere unless we are moving in the right direction. It is important that we plot a roadmap to personalized care to get better generalized results.