Healthcare providers are suffering from data breaches at an alarming rate. While these attacks can have serious financial impact on health organizations, the effects on patient lives can be devastating.
Quality provider data is very important to healthcare organizations. In fact, in a recent surveywe conducted with data governance decision makers in provider organizations, 63% of respondents said that proper data governance improves care coordination across practices. These leaders also noted its importance to strategic planning (31% of respondents) and marketing (22%). Even so, organizations seem limited in their ability to maintain high quality provider data.
Against the backdrop of a global health crisis, news that the U.S. federal government published its Final Rule on Interoperability likely went unnoticed to many delivery system leaders outside of healthcare IT. However, the federal mandate marks a very important milestone in U.S. patient health: mandating secure access, exchange, and use of electronic health information.
The promise of interoperability has the capability to reduce medical spend, improve care quality and user experiences, and develop stronger public health service. It means informed and empowered patients/members.
Despite so many unknowns, now is the time for providers to take stock of their health system’s financial position and make proactive decisions around setting service rates, negotiating contracts, and mapping potential expansion opportunities. A good first step? Accessing comprehensive data on medical reimbursements.