Essay On Healthcare Reimbursement

As the US healthcare reimbursement moves from fee-for-service to value-based models, health information technology has been the forefront of these changes. The providers and healthcare organizations used health information technology to measure the performance and quality of the healthcare services delivered. Furthermore, health information technology plays an integral role in providing the necessary solutions to manage the costs and provide positive financial outcomes for health care organizations and healthcare providers. Additionally, it shows the government how well or how bad an HCO or a provider manages its patient’s health that determines its qualification for reimbursement. Capturing patient’s data and information, measurement of the quality metrics, and healthcare consumerism are some of the

With healthcare providers uses health IT to chart and charge, it makes it easy and efficient to extract data to use for quality measurements (Buntin, Jain, & Blumenthal, 2017). Those data collected can be aggregated to identify what challenges healthcare organizations to face in terms of quality of their services, as well as analyzing pertinent information. Moreover, with information easily exchange through the system, redundant tests are prevented which help decrease unnecessary patient charges. Decreasing repetitive tests and other procedures that are unnecessary do not only alleviate the costs incurred, but also leads to greater patient satisfaction. Additionally, according to Buntin, Jain, & Blumenthal (2017), with streamline health information exchange insurers are able to manage any risk in the market and enrollees with a pre-existing condition. These are some of the reasons how P4P and VBP influence and contribute the way healthcare services are being