Despite the changes afoot in the US healthcare industry the move towards value-based care looks set to continue. Healthcare agencies and providers will therefore need to build and find new programs and approaches as 2017 marches on. This new era of health brings the promise of better value and improved outcomes for patients. Here are some of the 3 key trends CareDirector sees providers having to face in the year ahead.
- Patient-Centred Care
The pressure to reduce costs and improve quality is happening regardless of the ACA’s fate. It is estimated that 10 per cent of the world’s population will be over 65 by 2018. This is putting a strain on resources – through pressure to reduce costs and an even greater pressure to show better value. The focus has now moved away from outcomes such as money and infrastructure towards a person-centred approach. This will mean that agencies and providers will need to invest in operational efficiencies that optimise programs, products and services. Therefore a long term return on investment from IT suppliers and contracts is needed.
2. Revenue Cycle Management
The move towards patient-centred care has also created a trend for moving healthcare costs towards the patient. Health care providers and agencies need to strengthen their revenue cycle functions and strategies. To improve patient satistfaction and revenue collection providers and agencies should enhance their billing processes through integration. By allowing users to bill and document for services rendered users can easily navigate through all areas of patient care through one simple and coordinated system.
3. Technology and Analytics
When you apply for a credit card, banks use predictive analytics to understand how likely you are to repay your debts. This analysis helps banks increase profit through better decision making about how they lend their money. Healthcare agencies and providers are now benefitting more and more from these same types of advances in technology, with a focus on achieving better outcomes for children and families. By using research-validated algorithms agencies now have access to tools that help improve stability and decrease time to permanency. These improved outcomes not only allow agencies to provide better care for their children and families, but they also help reduce the actual financial costs of doing so.
CareDirector is hosting a unique webinar that will present research as well as demonstrate the solutions that enable Child Welfare Agencies to Use Predictive Analytics and Business Intelligence to Improve Placement Stability, Visualize Data and Reduce Costs
Terry Moore, University of Kansas
Ann Knefel, PhD, CareDirector
Paul Epp, Foster Care Technologies
Facilitated by Richard Wells, CareDirector