CareCentrix’s Post

As healthcare costs continue to rise it is imperative for health plans to have a strong network strategy to manage cost of care. At CareCentrix we partner with our health plan clients and provider network to support goals for improved plan and provider performance with patient care at the forefront.

Healthcare costs are projected to hit $6.8 trillion by 2030. To combat these rising costs and improve member outcomes, the adoption of care at home services is accelerating.   ~30% of hospital and health system leaders are aggressively adopting value-based contracts. The shift away from fee-for-service continues and underscores a growing need for payors to evolve their provider network strategies for care at home, implementing a comprehensive approach that prioritizes access to high-quality, whole-person, and cost-effective care.   To remain competitive and grow in this evolving market, CareCentrix’s SVP, Provider Experience & Network Management, Andre Loubier, recommends four best practices to achieve optimal outcomes: delivering equitable care, frequently assessing the provider network, finding the right providers, and leveraging technology to improve coordination of care. For a deeper dive into how these practices can optimize your provider network, visit our latest blog post at https://bit.ly/3RRxYaB to learn how CareCentrix can help evaluate your provider network management strategy.   #homehealthcare #valuebasedcare #futureofhealthcare #networkmanagement #providernetwork #healthplans

ICYMI: Read up on "6 Home Care Leaders To Watch, According To Other Home Care Leaders." These leaders are part of a larger ecosystem of organizations that make up the home-based care space. In a sea of providers, the best leaders are the ones who are able to recognize which of their home-based care peers are standouts. The ability to identify what works, and why, is evidence of a keen understanding of the business. Always Best Care Seniors Services BAYADA Home Health Care Home Health Care News https://lnkd.in/eSeJdYid

As healthcare costs continue to skyrocket, Americans are feeling the financial strain. According to a new study from KFF, nearly 75% of Americans report healthcare costs as a primary financial worry. Per capita healthcare spending has increased from $353 in 1970 to $13,493 today, but care quality has not increased by the same rate. Patients are simply paying more today for the same “one-size-fits-all” treatments. One solution to this problem is home healthcare. A great deal of healthcare can take place in the home, leaving valuable bandwidth available for specialized facilities when they are needed. Check out this article from MedCity News to learn more about how home healthcare can help alleviate the burden of skyrocketing healthcare costs. https://lnkd.in/gvp-esBF #healthcare #homehealthcare #costs #qualitycare

How to Overcome the New Realities in Home Health Budget Strains – MedCity News - MedCity News # How to Overcome the New Realities in Home Health Budget Strains ## Introduction The COVID-19 pandemic has brought about new challenges and budget strains for home health agencies. This blog post discusses strategies and solutions to overcome these challenges. ## Rising Costs and Decreased Reimbursements Home health agencies are facing rising costs due to increased demand for services and the need for personal protective equipment (PPE). At the same time, reimbursements from payers have decreased, putting a strain on budgets. ## Optimizing Operational Efficiency To overcome budget strains, home health agencies can focus on optimizing operational efficiency. This includes streamlining workflows, leveraging technology, and implementing telehealth services. ## Leveraging Data Analytics Data analytics can play a ai.mediformatica.com #health #homehealth #this #budgetcuts #homecare #medcity #news #providers #administration #medicaid #medicare #newyork #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/47INPxm)

Home Health Care News dove into the results from the recent Home-based Care Outlook Survey in a recent article examining providers anticipated challenges and key strategies for 2024. Review the publication's takeaways here: https://bit.ly/3SD7cUu #HealthcareNews #HomeHealth #HomeCare

Home health agencies have been struggling with payment rates and reimbursement policies set by managed care companies, leading to contentious negotiations. But here's some good news - Home Health Care News reports that providers can win with the right focus in mind by implementing a value-based care strategy. Check out their tips for success in a managed care world in 2024: https://lnkd.in/gGGUAd3u

Home health agencies have been struggling with payment rates and reimbursement policies set by managed care companies, leading to contentious negotiations. But here's some good news - Home Health Care News reports that providers can win with the right focus in mind by implementing a value-based care strategy. Check out their tips for success in a managed care world in 2024: https://lnkd.in/gegjfw9r

Home health agencies have been struggling with payment rates and reimbursement policies set by managed care companies, leading to contentious negotiations. But here's some good news - Home Health Care News reports that providers can win with the right focus in mind by implementing a value-based care strategy. Check out their tips for success in a managed care world in 2024: https://lnkd.in/gu8Za_7u

Home health agencies have been struggling with payment rates and reimbursement policies set by managed care companies, leading to contentious negotiations. But here's some good news - Home Health Care News reports that providers can win with the right focus in mind by implementing a value-based care strategy. Check out their tips for success in a managed care world in 2024: https://lnkd.in/gV2ySkJs