FinThrive’s Post

Many people think healthcare needs to be fixed by more regulation. Health care needs more free market instead. However, the current healthcare system is not a competitive, free market in the US, as most prices are haggled between large healthcare systems and large payers. I've written an article covering this dynamic and how healthcare innovators are trying to bring more competition and price transparency to healthcare services. The article will drop on Tuesday, December 12th! Make sure you subscribe to www.healthtechstack.io

Healthcare providers are redefining boundaries and embracing new partnerships to thrive in the evolving landscape. Explore the risks and opportunities shaping the future of care delivery. https://bit.ly/3P5gl61 #healthcare #healthcareindustry #patientcare

The future of healthcare is value-based, not volume-based 🙌 The traditional fee-for-service model of healthcare is outdated and unsustainable. It rewards providers for the quantity of services they deliver, not the quality or value they create for patients. It leads to overuse, waste, and fragmentation of care. It does not align with the needs and expectations of today's patients, who demand more personalised, convenient, and affordable care. That's why we need to shift to a value-based model of healthcare, where providers are paid based on the outcomes they achieve for their patients, not the services they perform. Value-based healthcare is a win-win-win situation for patients, providers, and payers. It improves patient satisfaction, quality of care, and health outcomes. It reduces costs, inefficiencies, and risks. It fosters innovation, collaboration, and accountability. We believe that value-based healthcare is the future of healthcare, and we are excited to be part of it. If you share our vision and passion, we would love to hear from you. #valuebasedhealthcare #healthcaretransformation #valuebasedcontracts

We are excited to share the latest issue of HFMA’s “Healthcare 2030” series featuring our President & CEO Mike Morris. In an era where healthcare costs are soaring and patient outcomes are at the forefront of discussions, this article offers a fresh perspective on revamping our healthcare system for the better. This issue – “Value-based care?” – contains unique insights into: • Patient-centric approach: It's all about putting patients first, focusing on preventive care, and creating a healthcare system that truly cares for individuals. • Data-driven decision-making: Harnessing the power of data and technology to make informed decisions can drive down costs while improving quality. • Incentivizing quality over quantity: Shifting from fee-for-service to value-based reimbursement models encourages providers to prioritize patient health outcomes. • Collaboration is key: It's not just about doctors and nurses but a collaborative effort involving patients, payers, and providers to achieve the best results. Read the full issue here: https://ow.ly/bUVN50PLGc0 Xtend Healthcare is proud to sponsor Healthcare 2030 and to help our clients prepare for what’s next in healthcare finance. Contact us today to learn more about our solutions. #HFMA #healthcare #healthcaretransformation

The significant transformation from fee-for-service to fee-for-value reimbursement models in the healthcare sector is widely recognized. With a focus on patient satisfaction, healthcare providers had to adapt their approaches accordingly. #Healthcare #Reimbursement Learn about the future of care delivery in this whitepaper: 

Amy Story and I wrote part two of our two-part series: VBC 2.0. In part two, we explore the 3 "Ps" that healthcare innovators should consider: Payers, Providers, and Patients. A link to the article is in the comments, as is a link to sign up to receive my own newsletter. I write about and simplify value-based care and healthcare delivery innovation. #valuebasedcare #healthcareinnovation #healthcaredelivery #healthit

The significant transformation from fee-for-SERVICE to fee-for-VALUE reimbursement models in the healthcare sector is widely recognized. With a focus on patient satisfaction, healthcare providers had to adapt their approaches accordingly. Learn about the future of care delivery in this whitepaper. #Healthcare #Reimbursement

Are you part of the nearly half of health plans struggling to navigate the complexities of value-based care? The Becker's Healthcare May Briefing provides insights into critical challenges such as network visibility and fragmented data—key issues pivotal to improving healthcare delivery. Notably, the survey reveals that 43% of payers are finding it difficult to implement coordinated care effectively, a fundamental component of value-based care. Just this week, we had a rewarding Joint Operating Committee meeting with one of our very large & long-time payvider partners. It was enlightening to hear their feedback on how WellSky solutions are successfully addressing these exact challenges and it was fantastic to discuss their impressive results in reducing readmissions and increasing transitional care management visits. If you're involved in healthcare management, or simply interested in the future of healthcare, understand these challenges is the first step towards crafting impactful solutions. Our meeting this week underscored the critical role of partnership in driving healthcare innovation. If you are experiencing similar challenges, don’t hesitate to reach out. Let’s explore how we can collaborate to achieve remarkable outcomes in your organization too. #HealthcareInnovation #ValueBasedCare #SuccessfulPartnerships 🔗 https://lnkd.in/gwweyyRF What are top barriers to executing value-based care?