Why Healthcare Organizations Must Focus on Value-Based Care

The Institute for Healthcare Improvement (IHI) has set the bar high for healthcare organizations. The Triple Aim, and now updated Quadruple Aim, standards was developed to guide healthcare toward improving performance and delivering better patient outcomes. Learn how to develop a strong foundation that supports the Quadruple Aim, as well as your providers, employees and patients.

The Modernization of Healthcare

Advances in technology are sweeping through every business sector, including the healthcare industry. The timing is good as pressures from patients, employees and regulatory agencies rise to meet changing needs. The Quadruple Aim is the product of these changing times and provides a framework upon which you can build a strong, proactive healthcare organization.

The Winning Equation for Value-Based Care

The Quadruple Aim standard sets forth four clearly definable priorities for healthcare organizations to follow. These foundational outcomes are at the heart of providing value-based care and they aren't only good for the patients you serve. Focusing on the Quadruple Aim priorities can lead to improved outcomes for patients, as well as controlling costs and keeping your workforce happy and satisfied.

The right technology will help you personalize, optimize and modernize systems to support the Quadruple Aim standard. Here's how this winning equation for value-based care works:

  1. Personalize healthcare for patients: 1 in 3 patients never follow through with referrals. This breakdown can lead to poor compliance and outcomes for the patients, which reflects on your healthcare organization. Bridge the communication gap and provide patients with the tools they need to stay healthy. A comprehensive, integrated solution will help your workforce engage proactively with patients and maximize positive health outcomes, while reducing costs and redundancy.
  2. Optimize processes for your workforce: Many healthcare organizations are struggling with multiple management systems that create silos of data and inefficient processes. This is not only frustrating for your workforce, it disrupts the patient care process and impacts outcomes. An optimized cloud ERP system provides seamless EMR integration, a 360-degree view of operations and powerful reporting systems. With your hands on the right data, at the right time, you can reduce overstock and wasteful practices, automate requisition and procurement processes, and identify the materials and services that deliver optimum outcomes for patients.
  3. Modernize systems for compliance: Centralizing data is essential for measuring progress on the Quadruple Aim standards. By combining accounting, EMR, inventory and HRM within a single, integrated solution, you can monitor and measure key performance indicators with greater accuracy and efficiency. Armed with total patient, resource and materials data, your leaders will be able to improve the quality of care and effectiveness of services while reducing waste. Modern technology also strengthens the security or patient and operational data while supporting HIPAA compliance through data encryption and preservation.

Focus on Quadruple Aim Priorities with Modern Technology

Healthcare organizations just like yours can provide exceptional patient care, gain clear visibility across the organization, control costs and keep the workforce happy. These lofty goals are within reach! The experts at Tribridge have helped many healthcare organizations deploy the modern technology needed to solve operational challenges, improve patient services and mitigate risk.

Contact us for guidance through your journey to value-based care. And download Personalize, Optimize and Modernize: A Framework to Build A Value-Based Healthcare Organization, to learn more about how you can support your organization through the modernization of healthcare.

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