Analytics
According to the company, the analytics service will be especially helpful as the ACO prepares to expand its value-based care model to other insurers and suppliers.
Clinical documentation improvement at Henry Ford Health System includes nurses serving as translators between physicians and coders and analytic tools that have added 2 percent to revenue cycle bottom line.
As the healthcare industry moves from volume to value, tech vendors including Cerner, Craneware, Premier Revenue Solutions LLC and ZirMed Inc. are attempting to fill the need in the market by working with hospitals to integrate their revenue, clinical and operational systems.
Healthcare Finance showcases its top five most popular videos from the first half of the year.
Revenue cycle company Emdeon this week announced plans to acquire Altegra Health, an analytics firm, for $910 million, a move the companies said will better position them as the industry moves to a value-based model.
"There can be a snowball effect, where you have more and more costs that often could have been prevented by just doing better primary care." - James A. Colbert, MD, Instructor in Medicine at Harvard Medical School.
Clinical analytics, benchmarks and patient experience data now just as important as financial metrics, insiders say.
Lancaster General Health Community Care Collaborative will be accessible by the payer's Medicare Advantage members in the Pennsylvania region.
That promise of savings has a lot of health care specialists taking a harder look at predictive computer formulas.
The top 100 inpatient stays are associated with approximately $62 billion in Medicare payments and over 7 million hospital discharges, according to data the department just made public as part of its transparency push.