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U.S. healthcare system's reliance on biased data perpetuates health inequity, report shows

Healthcare It News

Utilization data are employed for a wide variety of purposes in the healthcare system, including establishing provider networks, setting negotiated reimbursement rates and calculating risk adjustment scores. Community clinics and mobile health units can bridge gaps in preventive care services. Nor is this merely a hypothetical concern.

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Consumers Don’t Know What They Don’t Know About Healthcare Costs

Health Populi

“Consumers are not disciplined about saving in general,” with saving for healthcare lagging behind other types of savings, Alegeus observes in the 2018 Alegeus Consumer Health & Financial Fluency Report. As patients continue to take on more financial responsibility for healthcare spending in the U.S.,

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Reduce Medical Costs by 5.3%: Active Member Engagement for Employers

HIT Consultant

These include the following: Can lower medical costs by 5.3% and reduce hospitalizations by 12.5%

Nursing 91
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What John Mackey of Whole Foods Said at the 2022 HIMSS Conference – and Why This is Important for the Whole Health Ecosystem

Health Populi

Why don’t we have clinics that help people change their diets and lifestyles so that they can reverse the disease or prevent it?” Healthcare Finance here. Not so much, at least as it’s delivered in the United States. Mackey asked, rhetorically. It’s astounding. There’s a huge entrepreneurial opportunity out there for this.

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A roadmap to price transparency success

nThrive

Estimate accuracy is also crucial to preventing surprise billing for patients. Healthcare Financial Resources, “CMS Raises the Stakes on Price Transparency Compliance: Issues New Civil Monetary Penalties,” September 2021. Healthcare Finance News, “Just 5.6% Compete on estimation accuracy. Invest in integrated options.

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Can Community Hospitals Weather the Financial Storm? What’s Needed

HIT Consultant

Perhaps that’s why 55% of healthcare finance leaders say they will focus on improving the patient payment experience this year, according to an HFMA survey. It’s also an important tool for alleviating consumer fears around medical expenses and building trust and loyalty.

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Recruitment Costs, Long Hiring Timelines Negatively Impact Healthcare Finance Teams

HIT Consultant

This combination increases the likelihood of morale issues and burnout while preventing teams from adapting quickly in the face of a rapidly shifting work environment.