value-based care

4 ways cloud tech helps healthcare move to value-based care

by Jayneel Patel

For most healthcare systems currently transitioning from a fee-for-service (FFS) model to value-based care (VBC), the need to seamlessly integrate healthcare services that track patient outcomes while still reducing overhead costs is a healthcare improvement, but it’s not without its challenges. 

How can you switch without dropping a death blow on your practice? 

The solution is cloud computing. 

Cloud technology implementations have increased, offering practical solutions for reducing overhead costs while providing seamless patient-centered care. Studies show that the global market for cloud technologies in the healthcare industry is expected to grow by USD 25.54 billion during 2020-2024

“Effectively implementing a value-based model requires more than simply changing the payment methodology,” Norman Chenven, MD, vice chairman for the Council of Accountable Physician Practices, wrote in a 2019 blog post for Physicians Practice. “Successful transformation requires realignment of providers in order to design and deliver proactive care and prevention.”

If you are ready to move from an FFS healthcare model to VBC, here are four ways cloud computing can help ease the transition while optimizing your patient care delivery system.   

 

1. Builds a more comprehensive patient history 

In a traditional healthcare model, providers rely on patients to report symptoms and lifestyle habits that may impact health conditions. In most cases, the only time patients report symptoms is during their annual in-person exams. 

But with cloud computing, healthcare providers can regularly connect with patients through medical devices and telehealth services to collect wellness data and build a comprehensive profile. The result is…

 


 

Want to keep reading? Download the complete ebook, The Essential Guide to Healthcare Digital Transformation, here!

 

 

 

Jayneel PatelJayneel is VP, Healthcare & Life Sciences, here at Simplus. With a Ph.D. in engineering and MBA from Duke and over 15 years of experience, Jayneel designs and delivers empathy-driven innovative solutions in healthcare. He has developed digital strategies to reduce risk, increase visibility, and improve patient and member satisfaction. His passion is to enable better care through technology.

[email protected]

 

 

Related Articles
prm
5 reasons tech companies should use PRM to drive more deals

Let’s explore five key reasons why tech companies should be using partner relationship management (PRM) to drive more deals: 

supply chain
INFOGRAPHIC: Supply chain visibility trends for manufacturers

In this infographic, we've gathered the latest supply chain insights and trends of interest for manufacturers.

2022 trends
A pulse check on telco, media, and tech 2022 trends

Halfway through 2022, we wanted to take a moment to check on how trends like Web 3.0 and remote work Read more