Prioritizing Patients in Push Toward Value-Based Care

Previously, we discussed how medtech companies can prepare for the transition to value-based care. Specifically, these organizations need to start going beyond just providing medical devices and products to their customers and focus more on providing comprehensive and connected systems that help deliver integrated care. This, however, needs common collaboration between vendors, which are too often direct competitors and therefor pushing for their own more expensive complete solutions.   Interoperability and health data exchange have become a top priority for providers. Along with EMRs, all machines being utilized at a hospital or health system need to be able to talk to one another. With increasing complexity of care, collecting complete information around the same patients becomes a difficult task. Overall, clinicians must think more broadly about how connecting pieces of healthcare impacts a patient to be able to continue complete care and avoid errors and toxicity of double actions.   The healthcare business model is changing, and providers need to implement the right tools for patient-centric care with access to the right information. Medtech companies must be mindful of this shift and become cost-aware in their approach to existing and potential customers creating innovative data-streams, facilitating exchange passing through competitive providers.   Reducing the cost of care   The next evolution in healthcare cost is to ...
Source: MDDI - Category: Medical Devices Authors: Tags: Business Source Type: news