Healthcare Data Analytics Blog Archives - Page 4 of 18

2024 Outlook: Five key analytic capabilities shaping VBC

Sarina Remiasz | January 22, 2024

MedInsight Healthcare Data Analytics Blog

The healthcare industry is undergoing a transformation, largely driven by value-based care (VBC), artificial intelligence (AI), and digital transformation. These trends, which gained significant momentum in 2023, will continue to shape the healthcare industry in 2024 and beyond. As organizations aim to improve efficiencies and the delivery of care, the increasing use of analytics emerges … 2024 Outlook: Five key analytic capabilities shaping VBC

A year in review: The growing role of analytics in value-based care

Billy Altantulkhuur | December 18, 2023

This past year, the industry has witnessed significant advancements in value-based care (VBC) models. As the industry continues to move away from traditional fee-for-service models, there has been a growing emphasis on population health management, the integration of technology and analytics, and the implementation of collaborative care models. These developments have been instrumental in driving … A year in review: The growing role of analytics in value-based care

Addressing pharmacy drug trends with employer group reporting

Billy Altantulkhuur | November 29, 2023

According to a new study by the Business Group on Health, over 90% of employers reported concern over high-cost drugs and increasing pharmacy costs. This figure is not surprising when you consider that the average list price increase was nearly $150 per drug in January 2022 and rose to $250 by July 2022. During the … Addressing pharmacy drug trends with employer group reporting

Overcoming key data challenges to drive the future of value-based care

Billy Altantulkhuur | November 6, 2023

Value-based care (VBC) models are rapidly gaining prominence in the healthcare industry, revolutionizing the way healthcare is delivered. To ensure that provider organizations make the transition, the Centers for Medicare & Medicaid Services (CMS) has implemented several initiatives that offer incentives in favor of performance-based payments. These include alternative payment models such as Medicare Shared … Overcoming key data challenges to drive the future of value-based care

How to minimize total cost of care with healthcare data analytics

MedInsight | October 5, 2023

When it comes value based-care accounting, few metrics are as useful as Total Cost of Care (TCOC). TCOC can show you precisely where your value-based care initiatives should be focused for the most efficient use of resources. And yet, as useful as TCOC can be, there are few metrics as difficult to pin down with … How to minimize total cost of care with healthcare data analytics

The right data for every model of value-based care contracting

MedInsight | October 3, 2023

How MedInsight Supports Organizations on the Glide Path to Risk For healthcare provider organizations navigating the array of alternative payment models in use across all phases of value-based care contracting, the complexity can be daunting. From small physician groups operating on a largely fee-for-service basis to health plans managing the claims of tens of thousands … The right data for every model of value-based care contracting