Posts Taged preventative-health-care

Why Private Insurers Adopt Value-Based Care Models

why private insurers adopt value based care models similar to catholic benefits trustAccountable care organizations (ACOs) are becoming increasingly popular in the private sector as well as among government contracted organizations. Despite the many challenges of transitioning to a new model, private insurers are interested in the alternative payment methods and benefits ACOs provide. In fact, of the estimated 750 public and private ACOs in the US, about half of the contracts are with private insurers.

So, why is the private sector adapting to this coordinated care model? Switching from a fee-for-service model to value-based care isn’t an easy transition. Not all health systems allow for such a huge structural change. Those that do decide to take the risk, however, find ACOs effective for several reasons.

  • The value-based healthcare model allows providers to address rising healthcare costs without sacrificing quality. A value-based model places the emphasis on the patient by focusing on preventative medicine and treatment plans. Instead of the fee-for-service model where frequent patient visits means better compensation for doctors, the ACO model rewards physicians whose patients have less visits.
  • Today, real-time data allows everything to be analyzed thoroughly from how every penny is spent to details of patient symptoms. With accurate, reliable data to support the effectiveness of value-based models, it makes committing to the transition seem like less of a risk to private insurers.
  • Value-based care and ACOs also increase cost savings. A fee-for-service model with frequent patient visits not only consumes a doctor’s valuable time, but it also wastes resources. By reducing patient visits and increasing a focus on preventative healthcare, organizations can save money and resources.

At Catholic Benefits Trust, we understand the benefits and advantages to using a value-based model. As a nonprofit organization dedicated to serving the Catholic Church, we provide improved group health plans with Catholic values in mind. Members of CBT receive full ownership of their medical data as well as a personal health management plan based on a thorough analysis of that data. We also have a team of personal health nurses to assist our members with any health-related questions or concerns.

If you’re interested in learning more about the benefits of value-based care organizations or the Catholic Benefits Trust, feel free to contact us!

Read More

How Mobile Technology Is Transforming Health Care

mobile tech and preventative health care and dataYou’ve probably noticed people wearing bracelets or clip-on devices to track their steps and monitor vitals. Or maybe you’ve seen people logging their health information such as heart rate, calorie intake or weight on an app to help track their progress. It’s likely you’ve used one of these mobile devices to monitor your own health as well. These mobile devices can be used for more than just personal goals and well-being. Mobile devices are revolutionizing the way patient data is gathered and giving us new insight into preventive medicine. Here are a few key benefits to using mobile devices in health care:

1. Flexibility and Convenience

64% of adults in the US own smartphones. Wearable technology is expected to grow from 21 million units in 2014 to 150 million units in 2019. Mobile devices are popular because they’re easy to use, no matter where you go, and are just as capable as computers. You can store all of your health data in the palm of your hand without having to fill out a special form at the doctor’s office.

2. Valuable Source of Data

With so many people staying connected and tracking their data, it makes collecting information on patients easier and more accurate. Data collection has already proven to be an effective strategy for tracking infectious diseases and it can also be used to help physicians make more accurate diagnoses. By consulting relevant patient data, a doctor could diagnose and treat you based on data from patients with similar demographics and symptoms.

3. Clinical Trials

Sharing patient data with researchers is another way mobile technology has improved health care. Research companies are able to analyze the data to determine the best test subjects when conducting clinical trials. A recent breakthrough in the treatment of lung cancer resulted from a data-sharing arrangement with pharmaceutical companies.

Mobile technology allows us to accumulate large amounts of accurate data, which can then be used to benefit the public. For example, it may seem like you’re healthy, but your primary care physician might notice you’re following a pattern similar to another group of patients who experienced problems. Your doctor would be able to recommend treatment or other steps you can take to avoid having bigger health problems in the future.

At Catholic Benefits Trust, we recognize the potential mobile technology and patient data has when it comes to improving health care. We offer valuable benchmark data to our members so they can compare their progress with other CBT members. As a member, you can access this data warehouse whenever you want and use it to improve your health programs.

Contact us to learn more about the benefits our members receive.

 

Image by Peter Parkes

Read More