Blogs

The Evolution of the Healthcare Data

Healthcare is shifting from its long-standing model of simply billable fees-for-service to a more patient-centered model known as value-based care. This encourages an emphasis on patients but potentially leads to reduced cost and better care. In this blog, we will discuss what value-based care is, the importance of moving from a volume to a value model, how the VBC model differs from the fee-for-service model, key principles of value-based care, and the various existing value-based purchasing programs.

Healthcare providers face a heavy administrative load with every patient encounter. From typing notes rapidly and sifting through charts to entering data manually into the EMR, it often feels like documentation overshadows patient care. Research by the American Medical Association shows that physicians spend an average of 36 minutes on the EHR per visit, with time ranging from 29 to 46 minutes. This includes 6.2 minutes of after-hours “pajama time” and 8 minutes managing the EHR inbox—an overwhelming demand, especially considering most primary care visits are scheduled for just 30 minutes.

Healthcare organizations in the US are at a critical juncture when it comes to revenue cycle management. As care delivery becomes more complex, traditional Revenue Cycle Management (RCM) processes are simply unable to keep up. With hospitals losing around $20 billion in claim denials annually,  providers can no longer afford to rely on manual and error-prone RCM processes.

Every decision, medication, and follow-up appointment shapes a patient's path to wellness, especially during the critical 30-day post-discharge period. This is particularly vital given the scope of chronic disease in America: According to recent CDC data, chronic diseases represent a massive burden on the US healthcare system.

Imagine walking into a medical facility in rural America. You are highly unlikely to find a specialist who can attend to your healthcare needs. This is the reality for over 90% of rural counties in the US facing a shortage of physicians.