A recent survey of 1,000 consumers showed that only 26 percent had ever heard of the term “value-based care,” and of those, few knew what it meant. Moreover, 62 percent had never heard of the concept at all. All of this underscores the first VBC-related challenge facing those within the healthcare industry -- raising awareness. [...]
In recent years, talk of what artificial intelligence could potentially bring to healthcare has come to dominate industry conversations -- and those in the field haven’t been afraid to put money behind their interest. According to recent research from Accenture, the AI healthcare market has expanded at a remarkable pace, reporting a compound annual [...]
Everything should have gone according to plan. Weeks before an expected surgery, the patient had taken the time to make sure that his hospital was in-network and that his out-of-pocket cost would be within his tight budget. He had set aside the money, taken off time for recovery, and prepared for his surgery. He felt [...]
Will value-based healthcare be the answer to America’s medical woes? A significant subset of providers seem to think so. According to a recent survey of the NEJM Catalyst Insights Council, 42% of participants believe that value-based reimbursement models will one day supplant fee-for-service as the primary revenue model for healthcare in the United States. [...]
When it comes to healthcare delivery, our intent is to be ever quicker, more effective, and less expensive. We want to improve treatment experiences and patient outcomes without slipping on our efficiency scores; we aim to provide ever-soaring value for our providers, payers, and patients, but we don’t want to stop cutting costs. When those [...]