Study Finds Healthcare Leaders Cite Cost Management as Top Priority Amid Potential ACA Changes

Victor JohansonBlog

By Ryan T. Fox, Vice President Sales & Marketing

A recent study by Premier shows 65% of healthcare leaders intend to increase efforts to control cost of care management amid uncertainty about the repeal and replacement of the ACA.  In priority order, the survey shows health system leaders are focusing on:

  1. Managing costs, with a focus on drug spending
  2. Moving from meaningful use to meaningful insights
  3. Engaging and satisfying customers
  4. Shifting toward population health, risk and scale
  5. Continuing differentiation on quality and costs

Moving from use to insights:

  1. Fifty-three percent of healthcare leaders said they will increase their data integration efforts and/or invest in analytics
  2. Forty-seven percent of respondents said they will increase technology use when addressing risk-based contracts

Continuing differentiation on clinical quality and costs

  1. Forty-six percent of respondents said their health systems will increasingly use quality reporting systems for government payers and clinicians, such as the Medicare Access and CHIP Reauthorization Act’s Merit-Based Incentive Payment System.  Thirty-six percent said they will do the same for commercial payers.

One key strategy to achieving success on these 5 priorities is shifting toward precision medicine approaches such as risk-stratification at the point of care.  While health systems prepare for value-based care by developing high-value networks of clinicians and providers across the care continuum, they will leverage software platforms to risk stratify the population, understand patient risk, and assign resources more appropriately based upon risk.

We are officially in the age of moving beyond the implementation of EMR’s toward gaining value from those systems.  The challenge most healthcare systems face is the EMR’s they paid Millions (and in some cases, Billions) of dollars for do not provide solutions to these key priorities and healthcare leaders will be forced to look to 3rd parties to supplement their EMR’s.

Click here to read the full press release.