There’s always something changing in healthcare, something always on the horizon. But how do you know your team is ready for innovation? For a while, Value-Based payment models were something “on the horizon” in healthcare and something futuristic to be thinking about, but now healthcare facilities are seeing results from the models they’re implementing.
Payers are seeing real results through alternate payment programs.
In the session titled “Advancing Value-Based Models Through Collaboration,” I learned that New Jersey BCBS saw reductions of 5% in EHR visits and 8% in hospital admissions in their Episode of Care (EOC) model. This was all while improving diabetes control (+6%), colorectal screenings (+8%) and cholesterol management in diabetes patients (+7%). This lowered overall cost of care through the EOD Model by 9%.
How does innovation actually become reality for IT in your healthcare facility?
In the session I attended called, “It Starts With An Idea: Making Innovation Happen,” they provided some key things to think about and steps to follow to know if your organization is ready to innovate or not.
- Decide who you are and who you are not
- Identify differentiators
- Establish a strategy
- Create an engagement framework and governance model
- Determine how you’re going to measure success
- Drive a culture of innovation
- Understand your organization and past dynamics
- Don’t get caught in “death by committee”
- Manage expectations and risk
- Establish executive support
- Cultivate grass roots efforts
- Recognize innovators
- Engage champions
- Deliver Value
- Value is the heart of innovation
Interested in making IT innovation a reality for your healthcare organization? We can help.