Hallmarks of the post-Affordable Care Act era are a significant shift toward value-based and risk-sharing contracts. The leader of the reimbursement pack, the Centers for Medicare & Medicaid Services (CMS), has moved aggressively in the direction of value-based reimbursement arrangements with providers. To provide some perspective, in 2011, no Medicare payments were delivered under risk arrangements. In less than five years, Medicare has achieved its target of making 30 percent of payments risk-based and it is on track to meet its goal of 50 percent by 2018.
Commercial payers, too, have embraced risk-sharing contracts with hospitals, physicians and other providers. More than 825 accountable care organizations (ACOs) have been created, and currently are serving 28 million Americans. Nearly all payers (93 percent) surveyed for a Deloitte 2015 Study of Medicare Advantage Health Plans and Providers said they have some type of value-based arrangements in place:
· 72 percent of payers have one or more patient-centered medical homes for their commercial population,
· 62 percent have ACOs with shared savings,
· 45 percent have ACOs with shared risk,
· 45 percent use global capitation, and
· 41 percent use bundled payments.
As a result, payers, hospitals and physicians are more closely aligned with the shared goals of improving healthcare quality and cost. All have higher expectations about the ability of data and analytics to help providers guide behavior and decisions that result in shared savings while simultaneously improving patient health and satisfaction.
More than payers and hospitals, physicians – who are on the frontlines of delivering patient care and therefore are critical to the success of all value-based contracts – have mixed feelings about data and analytics. Undoubtedly, many physicians have had challenging experiences with electronic health records (EHRs), which have colored their view of technology in healthcare.
In 2015, Geneia LLC conducted a nationwide survey of more than 400 physicians who practice medicine full time. Key survey findings included:
· 84 percent of physicians said the amount of quality time they are able to spend with patients has decreased in the last 10 years,
· 78 percent said they frequently felt rushed when seeing patients,
· An overwhelming majority – 87 percent – said that the "business and regulation of healthcare" has changed the practice of medicine for the worse, and
· Overall, the nationwide Physician Misery Index was 3.7 out of 5, indicating that the scales have tipped from satisfaction to misery.
The survey also asked physicians about their impression of the impact data and analytics tools have had on the practice of medicine:
· 69 percent of physicians felt data and analytics positively impacted their ability to efficiently assess patient history and needs,
· 63 percent said they help them get value and improved outcomes from chart documentation, and
· Nearly 60 percent felt they helped identify and triage the highest-need patients and created greater efficiencies in office workflow.
On the other hand, more than 60 percent of physicians said data and analytics tools have negatively impacted recordkeeping time. In fact, when asked to identify the number one way data and analytics could improve their job, the most popular answer was to reduce the time spent on recordkeeping (41 percent) followed by more time with every patient (22 percent), better access to patients' complete medical profile and history (20 percent), and more time with the patients who require enhanced care (14 percent).
In other words, physicians will actively engage in the success of value-based contracts only if they are confident the technology will help them more effectively and efficiently support and care for the health of their population and – at a minimum – not interfere with their ability to create meaningful patient relationships.
Today's advanced analytics platforms do just this.
Analytics platforms that effectively integrate clinical information such as diagnoses, prescriptions and lab results with medical and pharmacy claims can readily identify and stratify a physician's attributed members into populations and cohorts such as:
· The Healthy, with the goal of keeping them that way by connecting them to health education, primary care and preventive services
· The At-Risk, with the goal of preventing or delaying progression to chronic disease
· The Chronically Ill, with the goal of slowing or halting disease progression
The most advanced tools go further. They apply consumer-engagement modules like the Propensity to Engage to the stratified population. This allows a physician to readily determine not only their attributed patients who are highest risk and/or the highest utilizers, but also those within that group who are most likely follow a disease-management plan. Rather than dedicating their limited patient time to all diabetic, chronic obstructive pulmonary disease and heart failure patients, for example, physicians are able to use advanced analytics to identify those most likely to follow a care plan to improve their health and focus their resources on this group. Similarly, a physician can determine the subset of their pre-diabetic population most likely to follow a diet and exercise plan to reduce the likelihood of becoming diabetic.
Once a physician determines their highest-impact patients – those at risk who are also most receptive to and likely to engage in making changes to improve their health – advanced analytics platforms offer additional consumer-engagement modules to help determine the type of messages most likely to resonate. The Next Best Action for Outreach helps physicians and their care teams decide the most appropriate communication vehicle for individualized patient engagement. As studies have shown, some patients respond well to text reminders while others are more likely to change their behavior as the result an in-person visit with their physician.
The most advanced analytics platforms offer physicians the very real possibility of creating more time for meaningful relationships with their highest-impact patients, thereby addressing one of the primary causes of physician dissatisfaction. This can increase physician engagement in using advanced analytics tools and ultimately lead to better health outcomes and more successful value-based contract arrangements for payers and providers alike.
Access more information from this sponsor here: http://geneia.com/blog/macra-infographic-countdown-to-measurement-year-goals/