So how are these seemingly unrelated topics Cloud and Value Based Payments related? Both of these things are happening in the healthcare industry. Is one affecting the other? I would say yes.
- Value Based Payments are driving risk into the revenue model and healthcare organizations are looking for predictable costs. Migrating to the cloud provides an expected monthly reoccurring cost model.
- Organizations also need a way to predict the revenue coming from value based payments. Currently data lives in many disparate sources. Cloud based analytics applications can help healthcare organizations gain the visibility to an integrated 360-degree view of the patient and to their expected reimbursements from siloed systems.
- The cloud can be used to quickly turn up critical applications in the event of any kind of outage preventing that application from being available including a ransomware attack.
All seem to agree that the move from fee-for-service to value based payments is a bell that has already been rung or a train that has already left the station. Any changes to legislation will only refine this trend and not reverse the course. At the center of all of this is the patient and the whole goal is to drive patient centered care that provides healthier patients at a lower cost with the best patient experience.
So how do organizations balance delivering a great patient experience with value based care? More organizations are turning to the cloud to enable a holistic view of patient information so that the best treatment can be prescribed. As more applications and health records live in the cloud, having a network that ensures great cloud based application performance with no downtime is key.
Is your network cloud optimized? Use of technologies like SD-WAN can help your network to be prepared for the transition to the cloud. See here for more information about Windstream’s SD-WAN solution.