@ShahidNShah
Care guidance helps physician practices achieve health equity
Health equity metrics are increasingly required in value-based care. Words and phrases like “health disparities”, “social determinants of health (SDoH)” and “health related social needs” have cropped up all over the healthcare spectrum in the last twenty years, but now a new emphasis on actually addressing the root causes that these phrases describe is driving changes to reimbursements and quality metrics. In turn, health equity priorities are impacting the financial and operational performance of physician practices. In many cases, the federal government has led the focus on health equity metrics, such the Centers for Medicare & Medicaid Services’ (CMS) adoption of alternative payment models that give added economic incentives to physician practices, ACOs and IDNs based on health equity objectives. As the financial success of physician practices is becoming more dependent on meeting new metrics in quality payment programs aimed at equitable patient care, providers are seeking ways to implement health equity programs that will successfully address the socioeconomic conditions of all their patients and optimize reimbursement in value-based care (VBC) arrangements.
Medigy Insights
Efforts to address health disparities and social determinants of health (SDoH) are gaining momentum in value-based care, resulting in a growing importance of health equity metrics. The focus is shifting towards addressing root causes, incentivizing health equity objectives, and optimizing reimbursement in value-based care arrangements. Physician practices are seeking to implement health equity programs to improve patient care and financial performance. This shift underscores the need to effectively address health disparities and SDoH to achieve equitable patient care.
Continue reading at physicianspractice.com
Make faster decisions with community advice
- Patient engagement is the first step in getting paid
- The 2023 Hospital and Nursing Home E/M Visit Coding Changes
- Zero Trust Offers a Foundation for Authentication and Access in Healthcare
- Artificial intelligence innovation: Leading companies in emotion sensing facial recognition systems for the healthcare industry
- Assessing the Biggest Disruptors in Healthcare
Next Article
-
How to Overcome HIPAA Myths to Enhance the Protection of Healthcare Data
For many of us, change is hard. In cybersecurity, change is essential to defeat two of the most common causes of data breaches: the ever-evolving attack styles of hackers and human error. New products …