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As Providers Shift to Value-based Payments, MedBen Analytics Offers Actionable Insights

02/11/16

  10:14:00 pm, by MedBen5   , 259 words,  
Categories: News, Reporting, Hospitals, Cost savings, MedBen Analytics, Bundled Payments

As Providers Shift to Value-based Payments, MedBen Analytics Offers Actionable Insights

doctor at computer

The U.S. Department of Health and Human Services (HHS) is taking bold measures to move Medicare payments from the traditional model to alternatives based on the value of the services given. MedBen Analytics is currently working with providers nationwide to help them make this transition in a performance-efficient and cost-effective manner.

At the World Economic Forum Annual Meeting in Switzerland last month, Secretary Sylvia M. Burwell said HHS will meet their goal of moving 30% of fee-for-service Medicare payments to bundled payments and other value-based arrangements by year end. The agency has also set the goal of tying 50% of Medicare payments to alternative payment models by the end of 2018, Healthcare Dive reports.

HHS states that the use of alternative payment models has:

  • Saved Medicare a combined $417 million;
  • Reduced hospital readmissions in Medicare by nearly 8%; and
  • Through quality improvements, saved 50,000 lives and $12 billion in care spending from 2010 to 2013.

As bundled payments and other value-based payment models become more commonplace, and an ever-greater number of older Americans become eligible for Medicare, providers need to have the tools required to make informed decisions about the delivery of care. Toward this goal, MedBen Analytics turns claims data into actionable insights necessary to improve performance.

MedBen Analytics' proprietary analytics software takes the numerous and disparate Medicare files available to bundled payment initiative hospitals, health systems and physician practice participants and creates straightforward, interactive reports to benefit the provider of care as well as the recipient.

Organizations interested in discussing MedBen Analytics' services can call President and COO Kurt Harden at 888-633-2364 or email him at kharden@medben.com.

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