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November 2017, Vol. 5, No. 6

Value-based models of care depend on advanced technologies

Beth Israel Deaconess Care Organization is built on value-based models of care and the technologies that help manage the inherent financial risk from this new way of delivering healthcare. Many traditional health systems are slowly transitioning from fee-for-service to value-based models of care, whereby providers are reimbursed according to how healthy they keep their patients. BIDCO is already there and only practices value-based care. All the Boston-based accountable care organization (ACO) contracts are designed around value-based reimbursement; if BIDCO's patients don't get better, then BIDCO doesn't get paid. Value-based care needs some help While BIDCO is committed to value-based models of care, it's still trying to figure out how to make this approach more successful, said Bill Gillis, CIO at the organization's sprawling collection of hospitals, physician groups and clinics. Bill Gillis Executing such complex contracts, with their built-in health-metric targets, is only possible with advanced analytics and population ...

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