Healthcare Contracting With Vendors and Suppliers

Adoption, utilization, and payment of medical technologies require safety, efficacy, and effectiveness data to convince the purchaser (provider, payer, or patient). In the United States (US) healthcare system, long-term data on effectiveness is critical to maintain payer confidence in the technology and serve the population.

As the healthcare industry moves toward value-based care, payers are increasingly concerned with clinical outcomes. Health plans are finding that they need to leverage all clinical and administrative data, in addition to claims data, to improve member health and optimize reimbursement within value-based payment models. Harmonizing data across the healthcare continuum presents a significant challenge due to the variety of disconnected data elements that must be connected to get a true 360-degree view of member health. Before healthcare organizations can effectively benefit from the data’s value, the data itself needs to be normalized to achieve semantic interoperability.

In a recent HIMSS study, only three out of 10 hospitals noted they were highly effective at democratizing data. This isn’t surprising considering 54% of providers still struggle to access and integrate multiple data sources. But healthcare isn’t immune to disruptors. In this webinar, Michigan Health & Hospital Association will share the fundamentals behind its self-service analytics strategy to unlock a black box of data around hospital-acquired conditions (HACs) and readmissions. Jim Lee, VP Data Policy & Analytics, will share how his team analyzes complex data sets to meet HIINs grant requirements for an unparalleled data project in partnership with three state hospital associations. The goal Reduce HACs by 20 percent and readmissions by 12 percent.

Clinicians are under an increasing time burden to care for patients. Even under the best circumstances, technologies implemented to automate and streamline workflows may not achieve the right balance to deliver as promised and improve effectiveness, efficiency, and job satisfaction.