Payers and providers shouldn't underestimate the value of streamlined, accurate data, especially when it comes to contract negotiations.
HealthLeaders sat down with Britt Barrett, managing director and teaching professor at Brigham Young University and former CEO with HCA, Texas Health Resources, and SHARP, to discuss what needs to be done in order for data to be leveraged for both payers and providers in contract negotiations.
Marie DeFreitas is the finance editor for HealthLeaders.
KEY TAKEAWAYS
Complete, accurate data is vital for any negotiation, especially between payers and providers
Predictive analytics and data mining will need to be accelerated by providers in order to enter sucessful contracts
Big IT platforms will need to provide the needed data for health systems in a more timely, accurate manner