By Lisa Hebert, director of product management, NantHealth.
Our industry is stuck in an inefficient, costly trend—treating avoidable diseases rather than preventing them. According to the Centers for Disease Control and Prevention (CDC), chronic diseases, such as diabetes and heart disease, account for 75 percent of our nation’s healthcare spend. Shifting our focus to wellness will improve patient health and reduce overall healthcare costs.
How do we get there? A transition to preventative care requires value-based care that is aimed at the long-term needs of individual patients. Patient-centric and evidence-based, the model leverages vast amounts of historical healthcare data and advanced analytics to provide clearly defined routes to well-established, evidence-based treatments with proven effectiveness. It helps providers assess risks, benefits, and trade-offs of specific treatments, avoid unnecessary treatments and costs, and deliver more accurate, better quality care that keeps patients healthy throughout their lives.
Value-based care benefits all participants—healthcare providers, facilities, and plans, and the patients they serve. It’s dependent on active, ongoing participation from all parties. Collaboration is critical to its success.
Leveraging Technology to Collaborate
A value-based care system requires robust technology to replace manual tasks, reduce inefficiencies, and support the transfer of patient data in a secure, timely and comprehensive way. Done right—interoperable and seamlessly integrated with existing workflows—automation technology can enable patients, providers and payers to communicate and collaborate in meaningful ways, while saving significant costs. It is estimated that the industry could save $12.4 billion by fully adopting electronic transactions that enable them to exchange vital information in near real-time and more readily communicate and collaborate to deliver care with delay.