Industry Trends: Population health management, a growing concern
“Healthcare leaders are under significant pressure to improve health while containing costs,” FierceHealthcare appropriately states in its special report, calling it out as one of the industry’s concerns for 2015.
Indeed, population health management is high up on the radar in the healthcare industry as providers seek to improve both clinical and financial outcomes by aggregating and analyzing patient data.
As Michael Hunt, chief medical information officer for St. Vincent’s told the article’s author: “It’s been known for a long time that the cost of providing medical services has escalated to the point where it can no longer be perpetuated into the future.”He’s right, and this informative online piece focuses on the evolution and challenges associated with health management, and looks at what healthcare leaders can do to improve population health in the future, while simultaneously keeping their costs under control.
While not specifically addressed in this article, we’ve been hearing a lot about certain challenges that will significantly affect the revenue cycle this year, e.g., those that will arise when the Centers for Medicare and Medicaid expand bundling of payment services. Experts agree that the effect will be diminished payments, and we believe one of the key objectives for revenue cycle managers in the coming months is to fully understand those impacts and to communicate them effectively to every department with a finger on payments and costs.
Check out the FierceHealthcare online report here, and see what representatives from Connecticut’s St. Vincent’s Health Partners, Colorado- and Kansas-based Centura Health and others are thinking about how to manage health while best allocating resources.
We’ve got an eye on the trends that are most likely to impact your revenue cycle, everything from the prevalence of outpatient services to value-based care to DIY healthcare, to patient communication and so much more.
What are you seeing out there that’s affecting your revenue cycle? We're watching and listening...