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Assessing Your Value Based Core Strategy

We live in the digital age, so it’s important for those in the heath industry to have a successful digital health strategy in place. But the truth is many healthcare organizations are either behind schedule with their initial strategies or have no strategy at all. Digital health initiatives like remote monitoring, telehealth and more are quickly becoming the norm in the industry and companies are lagging with this new technology.
But don’t panic if you’re either behind schedule or don’t have anything in place because there are various tactics and technology partners that can help get your initiatives into play! Here are some key ways your company can initiate or accelerate your digital health strategy that is focused on value-based care requirements:

Comprehend Regulations and Reimbursements

Before you even launch anything, it’s best if your company first comprehend all rules, regulations and reimbursements so that you can use them to your advantage, specifically how they relate to reimbursement models. When you’re aware of regulations before implanting anything, you’ll be able to spot trouble spots right from the start so that your plan is successful right from the start!

Use data to target high-cost and high-risk areas

Before you start anything, use data to understand the total cost of care across your entire business to target the high-risk, high-cost areas that might need to be looked at first. For the majority of providers, these areas usually deal with managing patients who suffer from multiple chronic conditions, support for clinical decisions and issues related to readmission prevention.

Create both clinical/technical teams and their workflows

Getting everyone on board can be challenging, which is why getting cohesive buy-in from everyone on all levels can be difficult. But to have a successful strategy, you’ll want to have everyone on board and implement the correct workflow for all teams, especially in remote monitoring programs.

Figure out the system’s infrastructure and any tech requirements

Having the right data is key to achieving a successful value-based care model and APIs are the best way to do this. You’ll want to first figure out a centralized clinical system that will house all this data and what data sources are needed to pull in. Many opt for an HER, but sometimes the customization options are limited, which is why others have developed a system outside of the EHR.

Align care team incentives and metrics

Once everything else is in place, it’s time to align your care team incentives and individual success metrics to make sure adoption and compliance are registered by everyone on your team.

So whether your company is in the middle of getting your new value-based model started or simply starting out, these key strategies will help you're your digital health plan and overall success!

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