HealthLeaders offers a look at issues and trends that are shaping the business of healthcare in the United States today. Free to download.
Using Data to Personalize Care
December 2019
Data and analytics help people make good health care decisions and manage the total cost of care
Health care works best when we can understand patients as individuals with unique needs.
With analytic tools that integrate all the available data, we can identify care options that promote improved health and reduced costs—like switching medications or joining a COPD care management program. Critically, we now know which option the member is most likely to use and promote that first.
The way employers have shifted their approach to employee health and well-being over the past decade has been a remarkable evolution. It will continue to evolve over the coming years, according to Optum's 10th annual survey of employers across the U.S. The survey's insights suggest opportunities to enhance well-being programs as well as ways to manage the challenges of administering them.
Today, employers are getting smart, serious and sophisticated in their approach to employee health and well-being.
Employers are:
Taking behavioral health needs seriously
Adopting sophisticated strategies to address complex conditions
Using demographics and technology to innovate programs
Service Line Success Drives Enterprise Improvements
August 2019
Health systems must develop the right strategy by service line for their market and population. Market factors like population growth, changing disease prevalence, macroeconomic and microeconomic trends such as gross domestic product, employment rates, high-deductible health plans, consumerism, federal policy changes, new technology that changes care delivery, and care coordination factors affect the demand for service lines in their market. Understanding service line trends is key to anticipating growth opportunities, utilization, and site of care shifts in the market, and building a strategy to compete.
Successful service line management requires both vertical and horizontal alignment within the hospital across stakeholders, departments, and goals as well as across all sites of care.
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Health care systems continue to feel the pressure to reduce spend. Payment models are moving from fee-for-service to bundled programs. Since the operating room (OR) accounts for 40 to 60 percent of supply spend and must cope with the constant demand for new technology, a solid strategy and a collaborative environment are required to keep OR costs down while improving patient outcomes. Successfully maintaining high-quality care while reducing surgical costs requires that health care executives, staff and surgeons be aware of OR expenses and participate in cost reduction strategies.
Vizient® formed a Reducing O.R. Supply Costs Collaborative with 12 participating health systems to focus on lowering OR expenses and identifying tools to help manage these costs and look beyond pricing.
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