The economics and future financial outlook for the medical device industry. Presented by Martin Gold at Credit Suisse MedTech Day on March 24, 2009. Focus is on orthopedics and cardiovascular.
Country level cost saving with hospital inventory system.Mustafa Said YILDIZ
Turkey implemented a Health Transformation Program in 2003 that achieved major reforms through centralized coordination. As part of this, the Ministry of Health mandated an integrated health IT system connecting over 800 hospitals to manage inventories. This addressed high stock levels caused by outdated rules, and unneeded stocks from ineffective estimates. Hospitals were required to limit stock to a 3-month supply level. The IT system allowed hospitals to see if others had exceeded or unneeded supplies, facilitating transfers and saving over $378 billion from 2009-2013 on inventory costs. This country-level cost savings was achieved without compromising quality or access to healthcare services.
The Innovation and Technology Tariff (ITT) aims to incentivize adoption of transformative innovations in the NHS by streamlining pricing and reimbursement. For 2017-19, the first year of the ITT, six themes have been identified that could provide innovation benefits to the NHS at scale. These themes include guided mediolateral episiotomy to minimize obstetric injuries, reducing medication errors, preventing ventilator-associated pneumonia, managing COPD remotely, treating C. difficile infection with frozen fecal transplants, and treating enlarged prostates as outpatients. The ITT operates under both an incentive-based pricing model and a zero-cost model where NHS England covers the cost of approved innovations.
This document discusses managed entry agreements and patient support programs (PSPs) for rare diseases. It defines a managed entry agreement as an arrangement between a manufacturer and payer/provider that enables coverage/reimbursement of a health technology subject to conditions. PSPs for rare diseases are product-focused and patient-centric, gathering real-world data useful to payers. The goal is to leverage PSPs to demonstrate a technology's real-world effectiveness and value in order to gain payer access.
Insurance reimbursement in the oncology marketsmithjgrace
New payment models, especially for those providing oncology medical billing services, have been designed to improve the value and effectiveness of medical care. For this, the Centre of Medicare and Medicaid Innovation devised a new model called the 'Oncology Care Model.' "Under the Oncology Care Model (OCM), physician practices have entered into payment arrangements that include financial and performance accountability for episodes of care surrounding chemotherapy administration to cancer patients.
How diagnostics can drive efficiency within the NHSWalt Whitman
This document summarizes a presentation on how diagnostics can drive efficiency within the NHS. It notes that demand for diagnostic tests and waiting lists have increased in recent years without equivalent funding growth. Wide variation exists in diagnostic quality and access across regions. The presentation calls for diagnostics to be optimized by reducing unwarranted variation, improving data sharing and digital infrastructure, addressing capacity issues, and incentivizing efficiency. Recent NHS data collection and modeling identified over 30 million fewer tests, £33.6 million in cost savings, and opportunities to standardize practices and reduce costs in imaging services.
This document proposes a patient-centered database system to efficiently utilize large amounts of medical record data.
It identifies current problems with ineffective and dispersed health information sharing between hospitals. Three potential solutions are presented: dispersed systems remain separate; a fully integrated single database; or dispersed databases that are linked.
The proposal is for a system where hospitals and other stakeholders like insurers and government maintain their own databases, but share anonymized patient data through linkages. This allows data access while protecting privacy and security. Potential applications and stakeholders are discussed. A phased implementation plan and budget are also outlined.
This document discusses the Independent Hospital Pricing Authority's (IHPA) work on pricing reforms beyond 2020. Key points include:
1) IHPA sets national efficient prices, develops classification systems, and handles cross-border disputes to promote transparency, value, and efficiency in the public hospital system.
2) IHPA is moving public hospital funding toward an activity-based funding model, with blocks of funding still used in some areas. This has led to a significant slowdown in cost growth.
3) IHPA is developing pricing approaches to incentivize safety, quality and efficiency. This includes not funding episodes involving sentinel events, paying less for episodes complicated by hospital-acquired conditions,
Country level cost saving with hospital inventory system.Mustafa Said YILDIZ
Turkey implemented a Health Transformation Program in 2003 that achieved major reforms through centralized coordination. As part of this, the Ministry of Health mandated an integrated health IT system connecting over 800 hospitals to manage inventories. This addressed high stock levels caused by outdated rules, and unneeded stocks from ineffective estimates. Hospitals were required to limit stock to a 3-month supply level. The IT system allowed hospitals to see if others had exceeded or unneeded supplies, facilitating transfers and saving over $378 billion from 2009-2013 on inventory costs. This country-level cost savings was achieved without compromising quality or access to healthcare services.
The Innovation and Technology Tariff (ITT) aims to incentivize adoption of transformative innovations in the NHS by streamlining pricing and reimbursement. For 2017-19, the first year of the ITT, six themes have been identified that could provide innovation benefits to the NHS at scale. These themes include guided mediolateral episiotomy to minimize obstetric injuries, reducing medication errors, preventing ventilator-associated pneumonia, managing COPD remotely, treating C. difficile infection with frozen fecal transplants, and treating enlarged prostates as outpatients. The ITT operates under both an incentive-based pricing model and a zero-cost model where NHS England covers the cost of approved innovations.
This document discusses managed entry agreements and patient support programs (PSPs) for rare diseases. It defines a managed entry agreement as an arrangement between a manufacturer and payer/provider that enables coverage/reimbursement of a health technology subject to conditions. PSPs for rare diseases are product-focused and patient-centric, gathering real-world data useful to payers. The goal is to leverage PSPs to demonstrate a technology's real-world effectiveness and value in order to gain payer access.
Insurance reimbursement in the oncology marketsmithjgrace
New payment models, especially for those providing oncology medical billing services, have been designed to improve the value and effectiveness of medical care. For this, the Centre of Medicare and Medicaid Innovation devised a new model called the 'Oncology Care Model.' "Under the Oncology Care Model (OCM), physician practices have entered into payment arrangements that include financial and performance accountability for episodes of care surrounding chemotherapy administration to cancer patients.
How diagnostics can drive efficiency within the NHSWalt Whitman
This document summarizes a presentation on how diagnostics can drive efficiency within the NHS. It notes that demand for diagnostic tests and waiting lists have increased in recent years without equivalent funding growth. Wide variation exists in diagnostic quality and access across regions. The presentation calls for diagnostics to be optimized by reducing unwarranted variation, improving data sharing and digital infrastructure, addressing capacity issues, and incentivizing efficiency. Recent NHS data collection and modeling identified over 30 million fewer tests, £33.6 million in cost savings, and opportunities to standardize practices and reduce costs in imaging services.
This document proposes a patient-centered database system to efficiently utilize large amounts of medical record data.
It identifies current problems with ineffective and dispersed health information sharing between hospitals. Three potential solutions are presented: dispersed systems remain separate; a fully integrated single database; or dispersed databases that are linked.
The proposal is for a system where hospitals and other stakeholders like insurers and government maintain their own databases, but share anonymized patient data through linkages. This allows data access while protecting privacy and security. Potential applications and stakeholders are discussed. A phased implementation plan and budget are also outlined.
This document discusses the Independent Hospital Pricing Authority's (IHPA) work on pricing reforms beyond 2020. Key points include:
1) IHPA sets national efficient prices, develops classification systems, and handles cross-border disputes to promote transparency, value, and efficiency in the public hospital system.
2) IHPA is moving public hospital funding toward an activity-based funding model, with blocks of funding still used in some areas. This has led to a significant slowdown in cost growth.
3) IHPA is developing pricing approaches to incentivize safety, quality and efficiency. This includes not funding episodes involving sentinel events, paying less for episodes complicated by hospital-acquired conditions,
The EU Directive on cross-border healthcare aims to increase transparency in healthcare across EU countries. It will initially involve publishing information for all hospitals and hospital services, and then expand to include outpatient services. This will form an EU-wide standard for healthcare quality, guidelines, price lists, and other consumer information. Each member state must create easy-to-use websites providing this information by the end of 2013. The goal is to drive competition for better quality and value in healthcare through transparency and increased patient involvement in healthcare choices.
Rising Importance of Health Economics & Outcomes ResearchCitiusTech
Health Economics & Outcomes Research (HE&OR) guides stakeholders to make informed decisions regarding patient access to drugs and services. This document highlights specific use cases for healthcare information technology that add value to HE&OR.
VelBiTech solution in the Healthcare domain is A Complete Web-based ERP Solution for Hospitals. This package is based on the open source technologies with database independence, using Hibernate for OR mapping, Spring Boot and the J2EE architecture. The software runs on Linux/Unix OS.
This document discusses real-world evidence (RWE) and its growing importance. It provides definitions of RWE and notes that demand is increasing due to societal trends and data availability. Stakeholders like regulators, payers, providers, and patients are increasingly using RWE. However, there is significant geographic variation in RWE use. While some countries use RWE for national market access and reimbursement, others use it mainly for safety monitoring or formularies. Going forward, the document predicts RWE usage will increase at different speeds across countries. It concludes with recommendations for Canada to increase RWE use, including developing frameworks, partnerships, and funding models to incorporate RWE into decision-making.
The NTPF was established in 2002 to provide elective surgeries for public patients experiencing long wait times. It negotiates prices with private hospitals to purchase 10% of procedures, consistently achieving 99% patient satisfaction and value for money. Over the past decade, the NTPF has treated over 200,000 public patients and reduced waiting times from 2-5 years to 3 months by creating a competitive environment and separating the roles of purchaser and provider. The NTPF's prospective payment model and targeted solutions to specific problems have been effective and could be extended across the health system. However, uncapped demand would lead to increased costs, so unit costs must be reduced through disincentives for unnecessary demand and competition.
The document summarizes the needs and goals of BIDCO, a physician network and Accountable Care Organization. BIDCO employs over 80 staff and contracts with 2,100 physicians and 6 hospitals. It aims to promote quality care while managing $1B in risk revenue. Key challenges include managing total cost of care budgets and improving quality across different contract requirements. The document outlines BIDCO's current limited data sharing capabilities between different IT systems and identifies two main innovation needs: 1) a comprehensive physician performance reporting tool for consolidated data access and 2) an ACO care record that can travel with patients across sites to improve clinical integration and data sharing.
Cortellis for Clinical Trials Intelligence provides a comprehensive resource for clinical trial information to help accelerate strategic decisions. It contains data on over 130,000 global clinical trials, 200,000 press releases, 220,000 literature articles, and 2.25 million articles related to clinical development. The intuitive interface allows users to filter and analyze trial information by various attributes such as indication, intervention, sponsor, phase, and location. Dynamic visualization tools further aid analysis by showing distributions of trial characteristics and timelines in an interactive format.
With patient responsibility becoming an increasing part of clinics AR, you need to make sure you have an effective strategy in place. Learn how to maximize your collections without negatively impacting your relationships with your patients.
This document discusses remote patient monitoring and how it can help improve patient care while reducing costs. It notes that the remote patient monitoring market is estimated to grow 44% annually and that remote monitoring has been shown to decrease emergency admissions in the UK by 20%. It then describes a proprietary big data technology solution that analyzes digital patient data from remote monitoring devices to provide deeper insights that help doctors and case managers improve decision making and care for patients.
Fergal Lynch, Deputy Secretary General, Department of HealthInvestnet
This document discusses healthcare reform in Ireland, outlining both progress made and future plans. It establishes a vision for a single-tier universal healthcare system with equitable access based on need. The reform agenda includes developing primary care, chronic disease management, reducing waiting times, and structural reforms like establishing hospital groups. While timelines have been adjusted, ongoing work includes advancing primary care, implementing hospital groups and money following the patient, and further developing proposals for universal healthcare insurance.
The document discusses a financial analysis of improving electronic medical record (EMR) interoperability between Health Alliance Hospital and affiliated physician practices. It finds that developing interfaces between key inpatient areas like labs and radiology with outpatient practices would result in cost savings from efficiencies. Continuing and expanding the EMR connectivity project is recommended, especially while partial hospital subsidies are available due to restrictions from the Stark Law.
The Attune HIS is a leading Cloud based hospital information system that integrates all departments and centers spread across locations on a stable and secure platform, giving decision makers a unified picture of their business. Attune HIS offers enhanced patient care while maximizing revenue and improving operational efficiency.
The document discusses upcoming major changes to health technology assessment (HTA) in Europe. It outlines the three main steps of HTA - determining regulatory approval, assessing effectiveness in clinical practice, and reimbursement/pricing decisions based on the assessment. Key domains assessed include clinical, economic, and patient/social aspects. Stakeholders can engage in early dialogues, scoping assessments, and providing information for assessments. The European network for HTA (EUnetHTA) involves 81 HTA bodies conducting joint assessments to streamline the process across countries. The principles of EUnetHTA include involvement of patients at different stages of HTA.
1-2 An Introduction to Clinical Informatics: History, Domains, and CareersCorinn Pope
2014 Clinical Informatics Slides. Section one part two on an introduction to clinical informatics: history of informatics, domains within informatics, and careers as an informaticist
Right Care Overview and National Roll Outian.mckinnell
1. Right Care is an approach developed by NHS England to maximize value in healthcare by helping health systems identify wasteful spending and redirect resources to more effective interventions.
2. It does this through a methodology involving clinical leadership, data analysis, engagement, and processes to design optimal care pathways focused on patient populations rather than just individual patients.
3. The goal is to deliver more efficient and sustainable healthcare through reducing unwarranted variation in spending and outcomes across different regions and conditions.
Unit VI Case StudyAnimal use in toxicity testing has long been .docxdickonsondorris
Unit VI: Case Study
Animal use in toxicity testing has long been a controversial issue; however, there can be benefits. Read “The Use of Animals in Research,” which is an article that can be retrieved from http://www.toxicology.org/pubs/docs/air/AIR_Final.pdf.
Evaluate the current policies outlined in the Position Statement on page 5 of the article. Use the SOT Guiding Principles in the Use of Animals in Toxicology to guide you in your analysis. Feel free to use additional information and avenues of information, including the textbook, to critically analyze this policy.
In addition, answer the following questions:
How do toxicologists determine which exposures may cause adverse health effects?
How does the information apply to what you are learning in the course?
What were the objectives of this toxicity testing?
What were the endpoints of this toxicity testing?
Finally, include whether or not you agree with the Society of Toxicology's position on animal testing.
Your Case Study assignment should be three to four pages in length. Use APA style guidelines in writing this assignment, following APA rules for formatting, quoting, paraphrasing, citing, and referencing.
Adventure Works Marketing Plan
Centralizing Medical Information To Improve Patient Care
(
Centralizing Medical Information To Improve patient Care
)
Contents
Centralizing Medical Information To Improve patient Care0
Contents1
History2
Executive Summary2
High-Level Functional Requirements:4
Project Charter4
Business Problem Statement5
Project Scope5
Budget and Schedule6
Strategy6
SWOT ANALYSIS6
Technology Constraints7
Project Documentation and Communication9
Project Organization and Staffing Approach9
Project Value Statement9
History
The Affordable Care Act law was passed to improve healthcare for its citizens in the United States by increasing the people that have health insurance and by decreasing healthcare cost. A benefactor to this law is the Medicare/Medicaid program which provides medical coverage to the poor, elderly and disabled individuals which is funded by the federal government. The Federal government covers funding for Medicare programs while it provides reimbursement funds for Medicaid programs provided by the states. (The National Federation Of Independent Business V Sebellius, Secretary Of Health And Human Services, 2012). The primary benefits of the Affordable Care Act Law are covering more consumers with improved quality of services while reducing healthcare cost, access to healthcare, and consumer protection. (ASPA, 2014) Centers For Medicare and Medicaid Services (CMS) manages both of these programs and by modernizing and strengthening the current system they will be lowering cost and providing quality care. Executive Summary
The Center for Medicare and Medicaid (CMS) is the federal office to organized the integration of Medicaid and Medicare services across multiple agencies nationwide. Its purpose is to improve access to services, ...
The EU Directive on cross-border healthcare aims to increase transparency in healthcare across EU countries. It will initially involve publishing information for all hospitals and hospital services, and then expand to include outpatient services. This will form an EU-wide standard for healthcare quality, guidelines, price lists, and other consumer information. Each member state must create easy-to-use websites providing this information by the end of 2013. The goal is to drive competition for better quality and value in healthcare through transparency and increased patient involvement in healthcare choices.
Rising Importance of Health Economics & Outcomes ResearchCitiusTech
Health Economics & Outcomes Research (HE&OR) guides stakeholders to make informed decisions regarding patient access to drugs and services. This document highlights specific use cases for healthcare information technology that add value to HE&OR.
VelBiTech solution in the Healthcare domain is A Complete Web-based ERP Solution for Hospitals. This package is based on the open source technologies with database independence, using Hibernate for OR mapping, Spring Boot and the J2EE architecture. The software runs on Linux/Unix OS.
This document discusses real-world evidence (RWE) and its growing importance. It provides definitions of RWE and notes that demand is increasing due to societal trends and data availability. Stakeholders like regulators, payers, providers, and patients are increasingly using RWE. However, there is significant geographic variation in RWE use. While some countries use RWE for national market access and reimbursement, others use it mainly for safety monitoring or formularies. Going forward, the document predicts RWE usage will increase at different speeds across countries. It concludes with recommendations for Canada to increase RWE use, including developing frameworks, partnerships, and funding models to incorporate RWE into decision-making.
The NTPF was established in 2002 to provide elective surgeries for public patients experiencing long wait times. It negotiates prices with private hospitals to purchase 10% of procedures, consistently achieving 99% patient satisfaction and value for money. Over the past decade, the NTPF has treated over 200,000 public patients and reduced waiting times from 2-5 years to 3 months by creating a competitive environment and separating the roles of purchaser and provider. The NTPF's prospective payment model and targeted solutions to specific problems have been effective and could be extended across the health system. However, uncapped demand would lead to increased costs, so unit costs must be reduced through disincentives for unnecessary demand and competition.
The document summarizes the needs and goals of BIDCO, a physician network and Accountable Care Organization. BIDCO employs over 80 staff and contracts with 2,100 physicians and 6 hospitals. It aims to promote quality care while managing $1B in risk revenue. Key challenges include managing total cost of care budgets and improving quality across different contract requirements. The document outlines BIDCO's current limited data sharing capabilities between different IT systems and identifies two main innovation needs: 1) a comprehensive physician performance reporting tool for consolidated data access and 2) an ACO care record that can travel with patients across sites to improve clinical integration and data sharing.
Cortellis for Clinical Trials Intelligence provides a comprehensive resource for clinical trial information to help accelerate strategic decisions. It contains data on over 130,000 global clinical trials, 200,000 press releases, 220,000 literature articles, and 2.25 million articles related to clinical development. The intuitive interface allows users to filter and analyze trial information by various attributes such as indication, intervention, sponsor, phase, and location. Dynamic visualization tools further aid analysis by showing distributions of trial characteristics and timelines in an interactive format.
With patient responsibility becoming an increasing part of clinics AR, you need to make sure you have an effective strategy in place. Learn how to maximize your collections without negatively impacting your relationships with your patients.
This document discusses remote patient monitoring and how it can help improve patient care while reducing costs. It notes that the remote patient monitoring market is estimated to grow 44% annually and that remote monitoring has been shown to decrease emergency admissions in the UK by 20%. It then describes a proprietary big data technology solution that analyzes digital patient data from remote monitoring devices to provide deeper insights that help doctors and case managers improve decision making and care for patients.
Fergal Lynch, Deputy Secretary General, Department of HealthInvestnet
This document discusses healthcare reform in Ireland, outlining both progress made and future plans. It establishes a vision for a single-tier universal healthcare system with equitable access based on need. The reform agenda includes developing primary care, chronic disease management, reducing waiting times, and structural reforms like establishing hospital groups. While timelines have been adjusted, ongoing work includes advancing primary care, implementing hospital groups and money following the patient, and further developing proposals for universal healthcare insurance.
The document discusses a financial analysis of improving electronic medical record (EMR) interoperability between Health Alliance Hospital and affiliated physician practices. It finds that developing interfaces between key inpatient areas like labs and radiology with outpatient practices would result in cost savings from efficiencies. Continuing and expanding the EMR connectivity project is recommended, especially while partial hospital subsidies are available due to restrictions from the Stark Law.
The Attune HIS is a leading Cloud based hospital information system that integrates all departments and centers spread across locations on a stable and secure platform, giving decision makers a unified picture of their business. Attune HIS offers enhanced patient care while maximizing revenue and improving operational efficiency.
The document discusses upcoming major changes to health technology assessment (HTA) in Europe. It outlines the three main steps of HTA - determining regulatory approval, assessing effectiveness in clinical practice, and reimbursement/pricing decisions based on the assessment. Key domains assessed include clinical, economic, and patient/social aspects. Stakeholders can engage in early dialogues, scoping assessments, and providing information for assessments. The European network for HTA (EUnetHTA) involves 81 HTA bodies conducting joint assessments to streamline the process across countries. The principles of EUnetHTA include involvement of patients at different stages of HTA.
1-2 An Introduction to Clinical Informatics: History, Domains, and CareersCorinn Pope
2014 Clinical Informatics Slides. Section one part two on an introduction to clinical informatics: history of informatics, domains within informatics, and careers as an informaticist
Right Care Overview and National Roll Outian.mckinnell
1. Right Care is an approach developed by NHS England to maximize value in healthcare by helping health systems identify wasteful spending and redirect resources to more effective interventions.
2. It does this through a methodology involving clinical leadership, data analysis, engagement, and processes to design optimal care pathways focused on patient populations rather than just individual patients.
3. The goal is to deliver more efficient and sustainable healthcare through reducing unwarranted variation in spending and outcomes across different regions and conditions.
Unit VI Case StudyAnimal use in toxicity testing has long been .docxdickonsondorris
Unit VI: Case Study
Animal use in toxicity testing has long been a controversial issue; however, there can be benefits. Read “The Use of Animals in Research,” which is an article that can be retrieved from http://www.toxicology.org/pubs/docs/air/AIR_Final.pdf.
Evaluate the current policies outlined in the Position Statement on page 5 of the article. Use the SOT Guiding Principles in the Use of Animals in Toxicology to guide you in your analysis. Feel free to use additional information and avenues of information, including the textbook, to critically analyze this policy.
In addition, answer the following questions:
How do toxicologists determine which exposures may cause adverse health effects?
How does the information apply to what you are learning in the course?
What were the objectives of this toxicity testing?
What were the endpoints of this toxicity testing?
Finally, include whether or not you agree with the Society of Toxicology's position on animal testing.
Your Case Study assignment should be three to four pages in length. Use APA style guidelines in writing this assignment, following APA rules for formatting, quoting, paraphrasing, citing, and referencing.
Adventure Works Marketing Plan
Centralizing Medical Information To Improve Patient Care
(
Centralizing Medical Information To Improve patient Care
)
Contents
Centralizing Medical Information To Improve patient Care0
Contents1
History2
Executive Summary2
High-Level Functional Requirements:4
Project Charter4
Business Problem Statement5
Project Scope5
Budget and Schedule6
Strategy6
SWOT ANALYSIS6
Technology Constraints7
Project Documentation and Communication9
Project Organization and Staffing Approach9
Project Value Statement9
History
The Affordable Care Act law was passed to improve healthcare for its citizens in the United States by increasing the people that have health insurance and by decreasing healthcare cost. A benefactor to this law is the Medicare/Medicaid program which provides medical coverage to the poor, elderly and disabled individuals which is funded by the federal government. The Federal government covers funding for Medicare programs while it provides reimbursement funds for Medicaid programs provided by the states. (The National Federation Of Independent Business V Sebellius, Secretary Of Health And Human Services, 2012). The primary benefits of the Affordable Care Act Law are covering more consumers with improved quality of services while reducing healthcare cost, access to healthcare, and consumer protection. (ASPA, 2014) Centers For Medicare and Medicaid Services (CMS) manages both of these programs and by modernizing and strengthening the current system they will be lowering cost and providing quality care. Executive Summary
The Center for Medicare and Medicaid (CMS) is the federal office to organized the integration of Medicaid and Medicare services across multiple agencies nationwide. Its purpose is to improve access to services, ...
"Healthcare Services at Merck & Co". Presentation by Guy Eiferman, President of Healthcare Services and Solutions, Merck & Co., made at the mHealth Israel Investors Summit, June 29, 2015, in Jerusalem
This document discusses strategies for medical device manufacturers to generate demand for their products in hospitals. It recommends manufacturers:
1) Drive acceptance of their product's messaging through "inertia" following hospital committee approval to promote widespread adoption.
2) Effectively communicate the product's value and tailor messaging to address key questions and objections from different hospital stakeholders.
3) Identify and utilize "Key Opinion Leaders" (KOLs) like physicians and nurses to promote the product throughout the hospital.
The document also provides examples of accelerating user access through educational programs, in-servicing for staff, developing hospital protocols, and selling the product's value proposition to different healthcare providers.
The document discusses the costs and benefits of adopting new medical technologies for hospitals. While innovations improve patient outcomes, they often involve substantial costs for hospitals. Medicare has some payment mechanisms to help cover the costs of new technologies, but few qualify. Widespread use of electronic health records could save billions overall, but many hospitals face financial barriers to implementation given high initial costs. Growth in hospitals' Medicare costs has exceeded payment updates in recent years, exacerbating challenges to funding new technologies.
Healthcare by Any Other Name - Centricity Business WhitepaperGE Healthcare - IT
This document discusses new models of healthcare delivery such as accountable care organizations and integrated health organizations that aim to improve outcomes and reduce costs through greater coordination and integration of care. It summarizes that these models seek to address long-standing issues with the traditional fragmented healthcare system such as its focus on episodic treatment rather than prevention. Critical to enabling these new models is developing an information technology infrastructure that includes electronic medical records, revenue cycle management systems, clinical decision support, and health information exchange capabilities to facilitate data sharing and population health management.
HCL's transformational Patient's first approach to HealthcareDebanjan Munsi
Digital Care management is the new buzzword in Healthcare technology, with the advent of digital technologies that track patient health, medicine subscriptions, dosages and create customized tracking, monitoring & delivery programs with regular dosage reminders, data driven insights on health vitals and patient routing to best possible treatment locations. Digital care management can not only reduce costs, but increase the vitality of healthcare programs, making them more efficient, decisive and customer friendly.
Leveraging Anonymized Patient Level Data to Detect Hidden Market PotentialCognizant
Longitudinal analysis of anonymized patient level data (APLD) is a powerful tool for assessing patient experience on a granular level that will lead to better treatment outcomes and increased life sciences market penetration.
Providers know that successful care coordination is key to enhancing patient outcomes and better personalizing their experience. At its root, care coordination starts with effective communication, and healthcare organizations are increasingly turning to innovative technology solutions to solve their needs. To improve their care teams’ communication, coordination, and data capture capabilities, two of New York City’s leading healthcare organizations worked with two cutting edge tech solutions providers to design and implement innovative pilots as a part of the New York Digital Health Accelerator program. Utilizing real-life case studies, the panelists will discuss the design and implementation of the pilots, and lessons learned from their participation in the program.
• Anuj Desai - Vice President of Market Development, New York eHealth Collaborative
• Joseph Mayer, MD - Founder & CEO, Cureatr Inc.
• Patricia Meisner, MS, MBA - CEO & Co-Founder, ActualMeds
• Ken Ong, MD, MPH - Chief Medical Informatics Officer, New York Hospital Queens
• Victoria Tiase, MSN, RN - Director, Informatics Strategy, NewYork-Presbyterian Hospital
New York eHealth Collaborative Digital Health Conference
November 17, 2014
Value in healthcare aims to improve patient outcomes while lowering costs. It rewards providers for quality rather than quantity of care. While some progress has been made through examples like integrated systems in India and Germany that lower costs through better processes, value-based care has not been widely adopted due to barriers like entrenched financial incentives that prioritize volume over value. Fully realizing value-based care requires health informatics to track outcomes, benchmarking to share best practices, alternative payment models, and delivery innovations to better coordinate care.
The document discusses the growing importance of demonstrating value through evidence for biotech companies when engaging with payers. It outlines how health technology assessments and real-world evidence are being used by payers globally to determine coverage, reimbursement, and contracting. Additionally, it explores emerging innovative contracting models between payers and manufacturers that are shifting focus to outcomes over utilization and sharing risk.
The document discusses the growing importance of demonstrating value through evidence for biotech companies when engaging with payers. It outlines how health technology assessments and real-world evidence are being used by payers globally to determine coverage, reimbursement, and contracting. Additionally, it explores emerging innovative contracting models between payers and manufacturers that are shifting focus to outcomes over utilization and sharing risk.
This chapter discusses the economics of healthcare and the transition from traditional to contemporary perspectives on healthcare costs. It covers key concepts like scarcity, choice, preference, and the differences between healthcare and typical markets. It also analyzes factors like direct and indirect costs, fixed and variable costs, budgets, high-low cost analysis, regression analysis, break-even analysis, and approaches to measuring quality.
This document outlines key concepts related to healthcare supply chain and inventory management. It discusses the typical players in the supply chain including manufacturers, distributors, group purchasing organizations, and e-distributors. It also describes how materials flow through the supply chain and some contemporary issues in medical inventory management like just-in-time systems and single vs multiple vendors. Key aspects of effective inventory management are identified such as inventory accounting systems, lead times, costs including holding, ordering and shortage costs, and the economic order quantity model.
This document discusses tools that Accountable Care Organizations (ACOs) need to support care coordination, patient centeredness, managing risk, and engaging patients. It describes that ACOs need a longitudinal patient record, master patient index, health information exchange, clinical decision support shared across organizations, care management tools, and analytics to track quality and financial outcomes at the population level. ACOs may need additional functionality beyond Patient-Centered Medical Homes to manage the organization and assume insurance risk from payers through various payment models.
The post-COVID Value Shift & How MedTech Companies can CapitalizeGreenlight Guru
The ongoing COVID-19 pandemic has fundamentally shifted the perception of value globally. The healthcare industry, and MedTech (Devices, Diagnostics and Digital Health) stand to benefit enormously. While the world waits for a vaccine, it has been MedTech companies and their solutions that have protected healthcare workers, kept patients alive, and been the focus of government policy and investment. The policy and funding shifts have been aligned to value-based healthcare principals, of which MedTech was already a leader. Discover how you can align your organization, and engage with key stakeholders to capitalize on this massive shift in value perception.
Takeaways:
- How the fundamental structure of healthcare is set to change
-How this fundamental change will benefit MedTech companies
-What you need to do in order to make this change sustainable within your organization
This session took place live at the Greenlight Guru True Quality Virtual Summit, a three-day event for medical device professionals to learn to get their devices to market faster, stay ahead of regulatory changes, and use quality as their multiplier to grow their device business.
Harness Your Clinical and Financial Data with an Enterprise Health Informat...Perficient, Inc.
The importance of Enterprise Health Information Exchange (EHIE) as a key way to empower your physicians and patients and demonstrate meaningful use of electronic health records:
- Present the business case for EHIE as an important architecture that matters to progressive health systems
- Take a look at some of the market-leading EHIE architectures and products
- Provide real exam...ples of organizations that are using EHIE to improve their operations
The document discusses key strategies for hospital success, including establishing the business case for health information technology, redesigning processes around new technologies, and using technology to extend patient-centered care beyond hospital walls. It also covers best practices like incorporating evidence-based design principles in construction, including stakeholders in the design process, and designing flexibility into buildings. Additional topics include promoting economic viability, the benefits of electronic medical records, achieving patient-centered care, comprehensive care planning, and using social media and marketing.
Similar to Creit Suisse MedTech Day Presentation (20)
2. Note: A margin is calculated as payments minus costs, divided by payments; margins are based on Medicare-allowable costs. Analysis excludes critical access hospitals. Medicare inpatient margins include services covered by the acute inpatient prospective payment system. Overall Medicare margin covers acute inpatient, outpatient, hospital-based home health and skilled nursing facility (including swing bed), and inpatient psychiatric and rehabilitation services, plus graduate medical education. Source: Report to the Congress: Medicare Payment Policy . March 2009 Overall Medicare and Medicare Inpatient Margins
3. Note: Data are for all hospitals covered by Medicare acute inpatient prospective payment system in 2007. A margin is calculated as payments minus costs, divided by payments; margins are based on Medicare-allowable costs. Overall Medicare margin covers acute inpatient, outpatient, hospital-based skilled nursing facility (including swing bed) and home health, and inpatient psychiatric and rehabilitation services, plus graduate medical education. Source: Report to the Congress: Medicare Payment Policy . March 2009 Hospital Medicare margins
10. Requests for Proposals (RFPs) The request for proposal (RFP) process is a widely accepted purchasing tool that, when done correctly, allows hospitals to save time and money. - “Find the True Value in RFPs.” Supply Chain Solutions . November 2007.
11. Medical Devices and DRGs Included in the DRG weight is the cost of all technology items utilized during the course of a patient’s stay in the hospital. As new technologies and treatments are developed, they are assigned to a DRG based upon the patient condition being treated and the nature of the treatment. Medicare provided for additional payment for new technology used in the inpatient setting through the New Technology Inpatient Add-On Payment The New Technology Add-On Payment is additional to the DRG payment
12. APC Categories Device Dependent APCs Clinical APCs APCs that are associated with existing medical and surgical procedures New Technology APCs APCs that address new medical procedures and technologies APCs containing procedures that cannot be provided without the use of one or more devices