Reducing acute events is a win for everyone
Acute health events that send a person to an emergency room or result in hospital stays are extremely costly, and often lead to disjointed care and worse health outcomes. By embracing technology-driven early interventions, the healthcare industry can transition from responding to health crises to preventing them whenever possible. The focus shifts from treating diseases to managing health, resulting in fewer ER visits and hospital admissions, and a healthier population.

Collaboration and engagement are keys to quality and cost control

One of the hallmark features of VBC is its emphasis on a collaborative partnership between healthcare providers and patients. This partnership is enriched with the data-driven insights technology provides. Providers can offer health recommendations based on near-real-time data and clinical decision support tools and optimize resource utilization for overall wellness. Patients then have more confidence in the quality of their care and can take ownership of their role in a healthier future.

The future of value-based care
VBC adoption is escalating, currently generating around $500 billion in enterprise value, with the potential to reach $1 trillion as this approach to care continues to mature. The promise of VBC is amplified through the convergence with advancing technology, marking a pivotal juncture in healthcare. By leveraging the power of technology to predict, prevent, and provide, VBC is setting a new standard for healthcare in America.

About the author: Raj Mahale is the chief product and business development officer at Cedar Gate Technologies. He has 18 years of experience leading and growing healthcare companies, and has worked for multiple leading healthcare organizations in various roles.

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