Healthcare Trends for 2015: Value-Based Reimbursement Boosts Accountability, Revenue, Execs Say
The majority of healthcare companies endorse the industry's shift to value-based compensation and rewards, according to the eleventh annual Healthcare Trends & Forecasts report from the Healthcare Intelligence Network.
Sea Girt, NJ, January 27, 2015 --(PR.com)-- Ninety-two percent of respondents to HIN's yearly trends survey view healthcare's emerging value-based focus as positive, noting the trend has boosted accountability and revenues, according to the healthcare publisher's latest HINtelligence Report.
Looking ahead to 2015, no aspect of healthcare holds more promise than continued reform of healthcare payment models, say more than a quarter of respondents to the annual trends survey conducted in December 2014.
However, the most significant industry trend in 2014 was population health management, said 41 percent of respondents, followed by value-based reimbursement (39 percent) and a trio of factors consisting of Medicaid expansion, ACA implementation and budget constraints, each identified by a third of healthcare respondents.
Download more survey results from the complimentary HINtelligence report, Healthcare Trends for 2015: Promise in Payment Reform, Population Health, Partnerships, at http://www.hin.com/library/registerHealthcareTrends2015.html
Declining reimbursement and cost constraints posed considerable challenges for respondents in the last 12 months, according to the report.
News Facts: HIN's white paper, "Healthcare Trends for 2015: Promise in Payment Reform, Population Health, Partnerships," summarizes December 2014 assessments by 57 hospitals/health systems, health plans, primary care practices and others on the state of healthcare.
Other data highlights from the survey include the following:
-Two-thirds of respondents indicated their businesses fared better in 2014 than in 2013.
-Partnerships and collaborations - with physicians, community resources and other points along the care continuum - emerged as some of the most profitable business decisions of the past year.
-Interventions to tighten transitions in care, reduce hospital readmissions and integrate care via the patient-centered medical home (PCMH) model were among business successes recounted by this year's participants.
-Familiar challenges of value-based payment, care delivery, health IT and care management continue to loom in 2015.
-Issues related to personnel, staffing and training, and health information technology investment caused some respondents to veer off course in 2014.
Download more survey results from the complimentary HINtelligence report, Healthcare Trends for 2015: Promise in Payment Reform, Population Health, Partnerships, at http://www.hin.com/library/registerHealthcareTrends2015.html
"It is significant that value-based healthcare and population health emerged as hot-button issues for this year's respondents. Risk-stratified population health programs, in which high-risk, high-cost individuals are identified and managed, provide significant opportunities to both improve chronic care management and increase revenue under new value-based payment scenarios."
-Melanie Matthews, HIN Executive VP and COO:
For Melanie Matthews's profile, please visit http://www.hin.com/bios.html#mm
Please contact Patricia Donovan to arrange an interview or to obtain additional quotes.
About the Healthcare Intelligence Network — HIN is the premier advisory service for executives seeking high-quality strategic information on the business of healthcare. For more information, contact the Healthcare Intelligence Network, PO Box 1442, Wall Township, NJ 07719-1442, (888) 446-3530, fax (732) 449-4463, e-mail info@hin.com, or visit http://www.hin.com.
Looking ahead to 2015, no aspect of healthcare holds more promise than continued reform of healthcare payment models, say more than a quarter of respondents to the annual trends survey conducted in December 2014.
However, the most significant industry trend in 2014 was population health management, said 41 percent of respondents, followed by value-based reimbursement (39 percent) and a trio of factors consisting of Medicaid expansion, ACA implementation and budget constraints, each identified by a third of healthcare respondents.
Download more survey results from the complimentary HINtelligence report, Healthcare Trends for 2015: Promise in Payment Reform, Population Health, Partnerships, at http://www.hin.com/library/registerHealthcareTrends2015.html
Declining reimbursement and cost constraints posed considerable challenges for respondents in the last 12 months, according to the report.
News Facts: HIN's white paper, "Healthcare Trends for 2015: Promise in Payment Reform, Population Health, Partnerships," summarizes December 2014 assessments by 57 hospitals/health systems, health plans, primary care practices and others on the state of healthcare.
Other data highlights from the survey include the following:
-Two-thirds of respondents indicated their businesses fared better in 2014 than in 2013.
-Partnerships and collaborations - with physicians, community resources and other points along the care continuum - emerged as some of the most profitable business decisions of the past year.
-Interventions to tighten transitions in care, reduce hospital readmissions and integrate care via the patient-centered medical home (PCMH) model were among business successes recounted by this year's participants.
-Familiar challenges of value-based payment, care delivery, health IT and care management continue to loom in 2015.
-Issues related to personnel, staffing and training, and health information technology investment caused some respondents to veer off course in 2014.
Download more survey results from the complimentary HINtelligence report, Healthcare Trends for 2015: Promise in Payment Reform, Population Health, Partnerships, at http://www.hin.com/library/registerHealthcareTrends2015.html
"It is significant that value-based healthcare and population health emerged as hot-button issues for this year's respondents. Risk-stratified population health programs, in which high-risk, high-cost individuals are identified and managed, provide significant opportunities to both improve chronic care management and increase revenue under new value-based payment scenarios."
-Melanie Matthews, HIN Executive VP and COO:
For Melanie Matthews's profile, please visit http://www.hin.com/bios.html#mm
Please contact Patricia Donovan to arrange an interview or to obtain additional quotes.
About the Healthcare Intelligence Network — HIN is the premier advisory service for executives seeking high-quality strategic information on the business of healthcare. For more information, contact the Healthcare Intelligence Network, PO Box 1442, Wall Township, NJ 07719-1442, (888) 446-3530, fax (732) 449-4463, e-mail info@hin.com, or visit http://www.hin.com.
Contact
Healthcare Intelligence Network
Patricia Donovan
732-449-4468
www.hin.com
https://twitter.com/H_I_N
Contact
Patricia Donovan
732-449-4468
www.hin.com
https://twitter.com/H_I_N
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