How Value-Based Care Can Improve Care Coordination In Healthcare

The Relationship Between Value-Based Care And Care Coordination In Healthcare

Value-based care, like care coordination, aims to foster engagement among doctors, healthcare plans, employers, and other key stakeholders. The emphasis of value-based telehealth care depends on the patient's clinical demands both within healthcare institutions and in their daily lives. As a result, a robust care coordination model is essential to anticipate health demands and move toward a preventative approach to medicine. To experience our value-based healthcare service, click here.

Care coordination is extremely important in improving health outcomes. Poor coordination not only costs the healthcare business billions of dollars but also has a negative influence on patient outcomes. Miscommunication during patient care causes over 80% of medical errors in the US healthcare system. It leads to costly readmissions, missed appointments, prescription errors, and other complications.

This blog will further describe how value-based care can streamline care coordination in the healthcare system.

What Is The Relationship Between Value-Based Care And Care Coordination?

Value-based care stresses the quality of therapy delivered to patients. When a patient gets treatment by many doctors, such as primary care physicians and specialty physicians, the patient's treatment must be coordinated between those providers to ensure that the care provided by all is useful and accurate. A lack of a care coordination system can be financially and physically harmful to a patient.

To manage costs and provide better care to patients, value-based organizations must identify care coordination and communication obstacles and leverage interaction and data-driven insights to address them. The goal is to optimize processes, and the easiest way to do so is to connect healthcare networks and bring technology together.

The Importance Of Technology In Care Coordination And Value-Based Care Model

The online health management platforms are based on the value-based system paradigm. The combination of technology and systems can only enhance this paradigm. Depending on the quality of the systems utilized, patients may only need to submit their health information once and have all future clinical data input in one location, updated in real-time, and accessible to any medical provider throughout the patient's care cycle. 

Linking value-based care with care coordination would necessitate a long-term perspective on both the patient and provider end. It will also help to achieve the value-based care model's aims of lower costs, improved outcomes, and higher-quality care for both patients and doctors.

Goals To Improve Care Coordination

When your network is linked via a digital platform, your organization will have the data it needs to identify problem areas and chances for progress. Here are some solutions to care coordination issues:

  • Referral Communication Should Be Digitized

More than 75% of referral-based communication in healthcare is still done via fax, while only 54% of faxed recommendations result in scheduled visits for patients. Therefore, value-based healthcare not only struggles to make connections with patients but is also unable to hold physicians accountable for the patients they should be visiting. Care becomes more accessible, transparent, and coordinated when you use digital technology platforms across your network.

  • Add Expert Referrals Into The EHR

This aim highlights the necessity of digital communication and the replacement of inefficient manual systems. With a shocking 63% of referring physicians unhappy with the existing referral process due to a lack of real-time information and poor referral letter content, there is a great chance to enable more informed, coordinated treatment for patients. A direct message facility from the provider to the platform gives real-time communication.

  • Monitor Patients' Status.

This is the basis for effective value-based care. You can't verify your patient has received the care they require if you don't know where they are and the outcome of indicated care visits. A linked network's core value is transparency and responsibility for both sides of the referral, without missing any data. Monitoring and updating referral statuses are the easiest and most effective things your referral network can do to guarantee a beneficial transition of care.

Why Choose PatientMD For Your Healthcare Organization?

PatientMD is a digital health platform powered by AI and blockchain that provides patient engagement and recruiting solutions. Its goal is to transition the healthcare business to value-based telehealth care. Learn how our cloud-based EHR system may help you and your patients make informed clinical decisions as you move to value-based care. Click here to schedule a demo. 

To learn more about our services, text us at +18727048154.