Has the medical facility transformed from the fee for service reimbursement program to the value-based purchasing program yet? The newer program introduced in 2013 provides incentives to hospitals and clinics that implement improvements in specific areas resulting in better quality of care, safety, efficiency, and patient satisfaction. Meeting criteria is the way to earn bonuses along with reimbursement.
Cutting Medicare Costs
The goal of the newer system is to lower costs while improving the overall quality of care for patients. Medical costs are spiraling out of control and have been for decades. Combine that fact with the aging population and the number of people covered by Medicare is sharply increasing. The program is demanding with several measures considered in four major areas of care provision. The four domains are clinical care, efficiency and cost reduction, enhanced patient experience, and safety.
How to Identify Changes?
Identifying areas for improvement is difficult in one or two departments. That difficulty increases exponentially when improving performance throughout the entire facility. There is an innovative approach offered by an experienced company to assist facilities in making the crucial transformation to the value-based program. The approach is three-pronged for lasting success.
Software applications, development platforms, and access to an advanced data warehouse are the major product components of the approach. Applications number over one-hundred and include areas such as care management, benchmarking, analytics, safety, and accounting, among others. Facilities can pick and choose applications that are appropriate for their size and services. This allows the approach to accommodate small physician clinics, large medical centers, and facilities that fall in between those extremes.
Education and Professional Services
Professionals work with facilities to organize and deploy organizational-wide changes to meet criteria. Improvements have to be practical in order to sustain lasting changes so assistance with that step is essential. Education ensures end users are gathering and entering data properly. Webinars, ebooks, videos, reviews, and detailed success stories help everyone involved understand how important accuracy and compliance with change is to the goal of higher Medicare reimbursement. Request a free demonstration online and discover ways to improve quality of services.