It may seem overwhelming knowing where to start or what to do next within your population health programs. There are opportunities, often driven by the EHR, to take small steps toward building out a robust population health program. Successful programs can transform your clinical workflows and set up your organization for success in a value-based care world. In addition, these programs support your organization’s financial health.
Just last week, Andy Slavitt, the Acting Administrator (i.e., top boss) for the Centers for Medicare and Medicaid Services (CMS), indicated that Medicare Access & CHIP Reauthorization Act (MACRA) may be delayed from the currently proposed Jan. 1 start date.
The model of supply and demand has been popular in economics for centuries. With the evolving changes in healthcare and government policies, this concept is more relevant to healthcare than ever before. The price of oil is down, in part, because of the glut of supply available on the marketplace. Middle Eastern countries are betting that as prices remain low, newer oil producers in the U.S., who have a higher production cost per barrel than the Mideast, will close their doors. That would reduce supply and competition, and the price of oil would go back up, assuming electric and solar don’t take the country by storm by then.
Let’s relate this to common healthcare economics. Imagine if census days dropped 30 percent, and unused clinic visits increased by 20 percent. Prices would surely decrease, and organizations would be looking at ways to increase their patient population or face contraction. If healthcare organizations downsized to fewer staff and beds, and suddenly all of the patients returned, what might happen?
As a cold autumn wind blows here in Wisconsin, 2016 is right around the corner! Medicare is also preparing for 2016 with its Inpatient and Outpatient Prospective Payment System (IPPS/OPPS) final rules published and awaiting final comments. Here at Nordic we have been taking stock of the potential EHR impacts: