In less than one week, an estimated 45,000 members of the healthcare community will descend upon Orlando, Florida for the Super Bowl of healthcare – the HIMSS annual conference. It’s a chance to learn, network and explore new innovations in healthcare with like-minded health information and technology professionals.
While we anticipate an abundance of chatter this year, we’re particularly looking forward to forthcoming conversations centered around value-based care, remote patient monitoring and social determinants of health.
For value-based care to take hold, compensation plans must change
Over the past few years, there has been a clear shift in the healthcare industry – the shift from fee-for-service care to value-based care. The idea of this change is rooted in transitioning physicians’ incentives from encouraging more encounters and procedures to focusing on preventative and proactive measures to maximize patient outcomes.
Forty-eight U.S. states and territories now have value-based programs, and the Centers for Medicaid and Medicare Services continues to boost incentives for providers to focus on quality. While this sounds good in theory, the actuality of making the change from quantity to quality has resulted in some push-back among healthcare providers. While the incentives at the organization-level are picking up, compensation plans need to change at the individual physician level for value-based care to truly take hold. To enhance this transition, value-based care will be at the forefront of discussions among many HIMSS 2020 program sessions.
Will Remote Patient Monitoring Get Off the Ground after HIMSS?
While technology continues to shape the healthcare industry, truth is, the majority of these solutions won't fully meet their potential. One such innovation, remote patient monitoring (RPM), is an example of an advancement in healthcare struggling to get off the ground. At first, hesitancy on RPM implementation focused on the limited reimbursement opportunities for healthcare providers as well as the lack of incentives for offering such services. Additionally, there was confusion on requirements for offering such services.
However, since the launch of RPM reimbursements two years ago, the Centers for Medicare and Medicaid Services (CMS) as well as the American Medical Association (AMA) have announced additional RPM CPT codes, making it easier for clinical teams to manage patients who require daily monitoring. And yet, despite the acceptance of these reimbursement codes and the eagerness of healthcare systems to adopt RPM models, innovation is still frustratingly slow.
Fortunately, this early resistance to RPM is dissipating as more and more healthcare systems look for new ways to better patient experience and show transparency of cost of care in order to drive competition.
For this reason, RPM is a topic that will be discussed heavily at HIMSS this year. Even Rimidi will play a part in this conversation with our partners at SmartMeter.
Greater reliance on social determinants of health
The environment where people live, work and play has a huge impact on their overall health, which is why understanding and addressing social determinants of health (SDOH) is key to achieving better health outcomes.
According to the World Health Organization, SDOH – which is broken down into five categories: economic stability, education, social and community context, health and healthcare, and neighbored and built environment – can influence nearly 70% of your health outcomes.
At HIMSS20, we’ll notice conversations about how to put a greater reliance on SDOH in an effort to truly help patients succeed and address the population health impacts of growing cardiometabolic conditions.
Heading to HIMSS next week? Stop by Rimidi Booth #1213 to share your insights and perspectives on the three trends above, as well as to learn more about our cloud-based software platform.
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