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Providers and payers alike are increasingly moving away from fee-for-service and shifting toward value-based payment models, which reimburse providers based on the quality of care they provide rather than quantity.
Value-based care models allow providers to expand care delivery and offer services that may not be traditionally reimbursed under fee-for-service models, such as providing transportation services to facilitate care access, according to Lynda Rowe, senior advisor of value-based systems at Intersystems. However, this transition is not entirely simple for hospitals and healthcare providers. “It’s a very big change, especially for providers, and people often overlook the changes in workflow, the changes in thinking, the changes in organizational structure, how you think about care for patients; that’s very different under this model than it was under fee-for-service,” Rowe told RevCycleIntelligence in a recent interview. To be successful under a value-based care model, organizations must ensure they have the proper resources and staff to execute this care management and coordination. Additionally, providers must consider financial risk.
Continue reading at forbes.com
Half of the physician’s day is spent in the EHR and desk work, while more than one-third of time with patients is spent on nonclinical tasks. On top of that, physicians are doing one to two hours of …
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