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A unified data ecosystem will provide the foundation for the next generation of patient-care technology. A combination of comprehensive data, sophisticated analysis and rigorous modeling are essential to unlocking the potential of value-based care. Yet without a culture of information sharing and the unification of individual datasets, healthcare organizations will be limited in how they can most effectively develop an equitable framework to allocate risks and rewards among participants. In the 13 years since the passage of the Affordable Care Act, healthcare organizations and other stakeholders have recognized that tracking key performance indicators such as readmission rates, average length of stay and patient satisfaction are insufficient to realize the full potential of a patient-centered care experience. In the 13 years since the passage of the Affordable Care Act, healthcare organizations and other stakeholders have recognized that tracking key performance indicators such as readmission rates, average length of stay and patient satisfaction are insufficient to realize the full potential of a patient-centered care experience.
A unified data ecosystem is essential for the development of the next generation of patient-care technology. Comprehensive data, sophisticated analysis, and rigorous modeling are necessary to unlock the potential of value-based care. Healthcare organizations need to establish a culture of information sharing and unify individual datasets to most effectively develop an equitable framework for allocating risks and rewards among participants. Despite the recognition by healthcare organizations and stakeholders over the 13 years since the Affordable Care Act's passage that tracking key performance indicators such as readmission rates, average length of stay, and patient satisfaction is inadequate for realizing the full potential of a patient-centered care experience.
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Value-based care is a health care delivery model that compensates providers based on patient health outcomes rather than the current fee-for-service model driven by service volume. By incentivizing …
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