Posts Tagged ‘us healthcare’

The Biggest Healthcare Trends of 2019 and What’s to Come in 2020

In our Healthcare Outlook for 2019 webinar, Stephen Grossbart, PhD, and Bobbi Brown, MBA, shared their predictions for the biggest trends of the year. Which predictions panned out and which didn’t? View this webinar as Stephen takes a look back at 2019 and makes his forecast for 2020.

So, what did happen in 2019? Following the 2018 midterm elections, we predicted a divided Congress would not pass policies to strengthen or weaken the Affordable Care Act (ACA). We were right. Meanwhile, Democratic presidential candidates debated the extent to which they would support Medicare for All. Insurance costs continued to rise, breaking $20,000 annually for families with employer-sponsored coverage, and CMS continued to support payment policies rewarding quality and interoperability as part of their payment policy.

Join Stephen as he looks in the rearview mirror at these important issues and how they impacted the healthcare industry in 2019 and then gazes into the crystal ball to predict the trends that will most impact healthcare in 2020. In this webinar, Stephen discusses the following topics and more:
• The continued focus on price transparency.
• Congress’ efforts to control prescription drug costs.
• Policies that may change the future of ACOs.
• What to expect going into the 2020 election year.

Be the first to comment - What do you think?  Posted by admin - January 13, 2020 at 3:20 pm

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Why your healthcare costs so much

There are various opinions surrounding healthcare spending in the US. According to Health Economist Irene Papanicolas, the theories behind high spending – over-utilization, lack of social spending, number of primary care physicians – are also accompanied by real data. When Irene and her team dove into the data and compared trends to other high income countries, they uncovered hidden factors that influence spending.

Watch Irene Papanicolas’ TEDMED 2018 Talk to understand why healthcare spending is so much higher in the US than other comparable countries. By tackling topics like non-transparent pricing and administrative complexity, Irene leads the way to a new sustainable health system in the US.

Be the first to comment - What do you think?  Posted by admin - September 17, 2019 at 3:23 am

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Healthcare Analytics: Right-Brain Advice in a Left-Brain World

U.S. healthcare is badly missing the soft, human side of healthcare analytics, especially as it impacts clinicians. How do we fix that? This webinar explores those ideas.

You won’t hear Dale talk about SQL, inner joins, outer joins, R, Python, logistic regression, random forest, or convolutional neural networks but instead, in this webinar he talks about the principles and philosophy of analytics.

For the most part, we’ve figured out the technology of analytics. That is all left-brain thinking—analytical, logical and methodical in nature—and it is literally getting easier every day with new data technology. But, in healthcare, we’re missing the right-brain thinking—creative and artistic in nature—that has almost nothing to do with technology but has everything to do with the human side of pursuing “data driven healthcare.”

Right-brain thinking is required for the oddities and shortcomings of healthcare data, and how to manage those shortcomings in the context of delivering data to the humans who we hope will consume it. The right-brain relates to the personality characteristics of the people who are leading your analytics strategy. It relates to the leadership culture of the organization and where that culture resides on a scale of transparency, internally and externally. The right-brain relates to behavioral economics, evolutionary psychology, human decision making theories, and the fundamental factors that motivate or demotivate human behavior. The right-brain relates to concepts like experimental design and PICO—patients, interventions, comparisons, and outcomes—that, if followed, can make your analytics more truthful and believable. It has to do with the way we negotiate and structure performance-based contracts that are loaded with quality metrics that either measure things that can’t be measured accurately or may measure the wrong thing, altogether.

You see, right-brained thinking in this left-brain world of analytics relates to a bunch of things, but mostly it relates to the Golden Rule of Data. Do unto others with data as you would have them do unto you.

Be the first to comment - What do you think?  Posted by admin - July 19, 2019 at 7:20 am

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Why the cost of healthcare varies so much | ABC News

Depending on where you live, your treatment could be free or cost hundreds of dollars.

Different countries choose to approach health care in different ways. But one thing a lot of them have in common is that they provide universal coverage. That means all their citizens have access to healthcare.

Should countries be spending more to help the poor access healthcare? The US spends the most on healthcare as a share of the economy and per capita, but it’s ranked low on both life expectancy and infant mortality rates. The private sector is what drives up costs in the US, because the country doesn’t have universal health coverage.

Countries like Cuba and the UK spend less on healthcare as part of the economy, and they also have relatively better outcomes. But the UK also controls access to drugs in the country, which means certain treatments aren’t available because they haven’t been deemed cost-effective.

RESOURCES
OECD data:
https://data.oecd.org/healthres/health-spending.htm#indicator-chart
https://stats.oecd.org/index.aspx?DataSetCode=HEALTH_STAT

The World Bank data:
https://data.worldbank.org/

The Commonwealth Fund data:
https://international.commonwealthfund.org/
https://interactives.commonwealthfund.org/2017/july/mirror-mirror/assets/Schneider_mirror_mirror_2017.pdf

Health insurance coverage in the US (US Census Bureau):
https://www.census.gov/content/dam/Census/library/publications/2018/demo/p60-264.pdf

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Be the first to comment - What do you think?  Posted by admin - June 11, 2019 at 11:20 am

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Why Healthcare Costing Matters to Enable Strategy and Financial Performance

According to Moody’s Investment Service Analysis, not-for-profit hospital margins are at an all-time low of 1.6% while the American Hospital Association has found that 30% of all hospitals have negative margins. Financial pressures are continuing to increase in an environment of rising costs, lower payments, an aging population, higher patient responsibility and changing consumer demands. Now more than ever healthcare providers need to have an accurate picture of their costing information to enable precise, strategic decisions that will improve financial performance.

Activity-based costing has the power to do just that. In this webinar Steve Vance, SVP, Professional Services, Health Catalyst explores different costing methodologies and discusses why activity-based costing is the preferable method to manage margins because it directly ties services to their costs. Many healthcare organizations base their costs on generalized drivers such as relative value units (RVUs) through their chargemaster rather than on specific activities associated with their services, leading to inaccurate assumptions and poor decisions.

View this webinar to learn:
– Why activity-based costing should be your core tool for improving financial performance.
– The differences and implications between costing methodologies.
– How to leverage data from an Electronic Data Warehouse (EDW) and automate processes while improving accuracy.
– Ways that you can make strategic decisions using clinical and operational data when tied to costing data.
– Activity-based costing use cases such as contract negotiations, pricing decisions, population health management (PHM), and process improvement efforts

We hope that you will will view the webinar and learn from the depth and breadth of Steve’s extensive financial experience.

Be the first to comment - What do you think?  Posted by admin - May 23, 2019 at 11:20 am

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UK NHS vs US Healthcare|Americans living in the UK

Hey guys!

So I finally got together all of my information, thoughts, and experience to make today’s video about the NHS and US healthcare. As some of the information is pulled from research I do base a lot of things of my personal experience which I know can vary from person to person. I hope you enjoy today’s video and my perspective of the healthcare systems in both the UK and US.

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About Me:
Hello my name is Alex and I am an American from Florida who moved to Cambridgeshire England. I moved with my family which includes my husband Aaron who you will see in videos from time to time and our little one Jude who also makes some video appearances. My videos are centered around our lives as an expat family. I talk about the differences we notice between America and the UK. As well as try various foods, Experience new adventures, and just our life as a family. I post twice a week on Monday’s and Thursday’s at 4pm. Thank you for being apart of the Buueytribe and I hope you enjoy our journey 😊.

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Be the first to comment - What do you think?  Posted by admin - May 2, 2019 at 7:20 pm

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Health Care Outlook for 2019

During the 2018 mid-term elections, candidates faced off making big claims that they would be the ones to fix healthcare. Now that they are back to work, what can we anticipate with a new Congress? Will we finally see improvements or gridlock? Join Bobbi Brown, MBA and Stephen Grossbart, PhD as they tackle these questions along with a 2018 lookback of what went right and 2019 predictions of the most important trends that will impact our daily work.

Beyond political maneuvering, in 2018 we saw material changes in the business of healthcare. The pace of mergers, acquisitions and partnerships was strong and deals like the pending acquisition of Aetna by CVS, could dramatically impact patient behavior and revenue streams. In addition, the Center for Medicare & Medicaid Services (CMS) continues to support existing programs while adding new measures to support transparency, interoperability and a continued shift to value-based payments. What does this mean for your organization in 2019? View this webinar to learn more across these areas:

– The business of healthcare including new market entrants, business models and shifting strategies to stay competitive.
– Continuous quality and cost control monitoring across populations.
– CMS proposals to push ACOs into two-sided risk models.
– Historic changes to Merit-based Incentive Payment System (MIPS).
– Fewer process measures but more quality outcomes scrutiny for providers.
– Increased consumer demand for more transparency.

There are many challenges and opportunities for all of us in healthcare. Join Bobbi and Stephen as they draw upon their decades of experience to make sense of the past year and look ahead to give you guidance for the new year. This is the fourth year running that Bobbi has presented her predictions at the turn of the new year and past attendees will remember that her knack for predicting is uncanny and her stories are unforgettable. This time was no different.

Be the first to comment - What do you think?  Posted by admin - April 18, 2019 at 3:20 am

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Doctors Explain Why U.S. Healthcare Is So Expensive (HBO)

VICE News visited a bunch of doctors in an attempt to make sense of our convoluted health care costs. What do the doctors say is needed to improve overall cost and care? Many of them shared the same solution.

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Be the first to comment - What do you think?  Posted by admin - November 15, 2018 at 3:21 am

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