Your business challenge
As health care becomes smarter, the need to maintain trust, data security and patient confidentiality becomes more critical than ever before. Health care stakeholders recognize the benefits of value-based contracting; however, multiple challenges have prevented them being a practical reality. These challenges include:
- The higher levels of trust and coordination required across ecosystem stakeholders to develop and implement value-based contracts versus traditional contracting types
- Strict privacy regulations surrounding the use of personal information
- The fragmentation of health data across multiple systems — instead of a streamlined, holistic process of data sharing, stakeholders are working in silos, making for a more time-consuming process
- The high administrative burden on health care stakeholders to manage value-based contracts through activities such as tracking patient outcomes/metrics, calculation of contract performance and associated rebate, which makes them overly time-consuming and prevents such contracts from scaling