Why value-based care is driving health IT innovation

Value-based care at a glance
In late 2014, Becker’s Hospital Review covered the recent value-based care efforts of the Cleveland Clinic, considered one of the leaders in health IT for decades.

The organization recently aimed its efforts at creating solutions for cancer treatment and personalized medicine. Gary M. Fingerhut, executive director for Cleveland Clinic Innovations, explained to Becker’s that he has noticed a significant increase in the speed of capitalization and innovation in health IT as a result of the need to do more with less.

Demand-sided strategies are becoming common in U.S.-based markets.

“This is a time that the world has never seen with respect to innovation,” Fingerhut added. “I would expect this growth of innovative technologies to down the cost of delivering healthcare and provide for better outcomes and patient satisfaction, and I don’t see it ending for a very long time.”

Demand-sided strategies are becoming common in U.S.-based markets, especially after the implementation of the Affordable Care Act and meaningful use. Now more than ever, providers are relying on effective services that take pay for performance into consideration. In theory, these efforts are supposed to drive down U.S. healthcare costs and foster innovation.

According to a Modern Healthcare article, federal officials are planning to shift half of federal spending not devoted to managed care – around $362 billion – to accountable care, bundled payments, so it appears that the transition to value-based payment is already underway.

“We believe these goals can drive transformative change, help us manage and track progress, and create accountability for measurable improvement,” Secretary of the U.S. Department of Health and Human Services Sylvia Mathews Burwell said, according to Modern Healthcare.

Bridging communication gaps
According to a recent post in Power Objects, this means that doctors are under increased pressure to bridge gaps and come up with a more complete continuum of care. This type of platform “will require multiple modalities of communication.”

One of these modalities could be a text-messaging platform that allows doctors to securely and seamlessly communicate with one another. The time physicians save with streamlined, HIPAA-compliant communication frees them up to focus on the task at hand: delivering stellar care to their patients.