Successful Transition to
Value-Based ReimbursementPosted at - 02:00 PM on Mon, Oct 07, 2013

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Successful Transition to<br>Value-Based Reimbursement

"Organizations that will survive under the new realities of the Affordable Care Act recognize the power of healthcare information technology (HIT) to assist them in reworking their business processes and clinical workflows to achieve the goal of high quality, affordable care," explains Infor CMIO Dr. Barry Chaiken in a guest column on HITECH Answers.com.

"… The dramatic shift to value-based reimbursement requires all providers to completely disrupt their care processes and workflows to ensure the delivery of high quality, safe care at a reasonable cost," he writes in the Oct. 1 column headlined "Care Collaboration in a Value—Based World-Recognizing the Power of Health IT."

"For more than four decades, these same providers thrived in an environment where providing more care easily generated higher prices and profits. In that former reimbursement model, a serious and dangerous moral hazard existed where the instinct to "do no harm" clashed mightily with a similarly powerful driver to maximize income. Due to this shift forced by provisions of the Affordable Care Act (ACA), hospitals, clinics, physicians and others in the healthcare marketplace find themselves scrambling to reinvent the way they provide care to survive."

Read the full article on HITECH Answers. 

About HITECH Answers
HITECH Answers is a content resource site offering daily news and updates on Health IT adoption initiatives. The site went live in April of 2009, two months following the passing of the American Recovery and Reinvestment Act (ARRA) which included the Health Information Technology for Economic and Clinical Health (HITECH) Act. The HITECH Act was enacted to accelerate the federal initiative for adoption of electronic health records while allowing health care providers and hospitals to receive incentive payments for adoption.

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