On July 31, 2023, AHIP, AMA, and NAACOS emphasized the need for better data-sharing practices in healthcare organizations to promote value-based care arrangements.
What You Need to Know:
- Healthcare organizations must enhance data-sharing practices to promote value-based care arrangements, as advised by AHIP, the American Medical Association (AMA), and the National Association of ACOs (NAACOS).
- Issues such as care disparities, data exchange, availability, and misaligned payment incentives in the healthcare sector were emphasized during the COVID-19 pandemic.
- The trio launched a document outlining best practices for implementing value-based arrangements, offering five key recommendations.
- Create an interoperable data ecosystem: By leveraging data exchange networks, standardizing data sets, and applying APIs, stakeholders can improve data sharing across the care continuum.
- Share comprehensive data: Stakeholders are encouraged to integrate demographic and clinical information, integrate pharmacy data, and provide aggregate population-level spending and treatment data to understand the patient population better.
- Improve data collection to advance health equity: By engaging community networks and collecting data from community-based organizations, stakeholders can detect health disparities and barriers to care outside the clinical setting.
- Share actionable data: Relevant, timely, and reliable data can promote proactive care interventions. Stakeholders should focus on actionable information at the point of care, automated data sharing, and creating performance dashboards.
- Make data calculations readily & easily available: Regularly sharing performance data and providing a feedback loop for updates or corrections allows for more effective interventions.
- These recommendations are aimed at payers, providers, and other healthcare stakeholders.
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[Source: RevCycleIntelligence, July 31st, 2023]