YESBLOG: HIM & CODING NEWS
The YES HIM Consulting blog provides medical coding news, updates, and resources for health information management and coding professionals. Subscribe to the YES HIM & Coding Insights Newsletter today.
Electronic health records (EHR) were projected to make some pretty big waves in terms of change in the healthcare industry. In setting major goals of bringing higher quality care, making medicine safer, empowering patients and being more cost-effective, this new method had some pretty big shoes to fill.
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The effectiveness of value-based care models is measured based on how this type of reimbursement can improve the quality of a patient’s overall health. Reducing hospital readmissions and improvement in preventive care are good examples of critical factors to assess the effectiveness of these models. U.S. legislation is clearly moving towards the adoption of value-based care models.
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Depending on your location, the spring season brings warmer temperature, green grass or maybe even hurricanes. But wherever you are, spring brings the first sign of new ICD code revisions that will be implemented in the fall.
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According to LinkedIn’s 2018 Workplace Learning Report, 94% of employees would stay at a company longer if it invested in their career. This staggering percentage is just one major reason why more employers are making continued education in the workplace a top priority. In order to avoid employee turnover, managers are searching for different ways to keep their employees involved and satisfied, professionally.
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For many healthcare providers, value-based care is still a fairly new concept. As with any new process, it goes without saying that it will take some time to become fully understood, accepted and incorporated into the day-to-day workflow. But, with the huge potential to continue to decrease spending and improve quality of care, value-based care is definitely a method that isn’t going anywhere but up in the near future.
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