Social determinants of health (SDOH) are discussed in the healthcare industry as a way to understand more about patients, but data on patients’ social experience varies greatly in its content, collection methods and use by organizations. The March 2021 Healthcare Innovation virtual series, supported by LexisNexis Risk Solutions Health Care, recently hosted a virtual panel featuring experts in the field discussing SDOH efforts and data.
When organizations are able to analyze data on these patients’ healthcare activities, but also the social determinants that impact their lives outside of the healthcare system, they can really understand the patients’ barriers to care — and take steps to assemble resources that will improve patient outcomes.
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.
Now is the time for healthcare organizations to incorporate SDOH into their clinical workflows. Doing so can save time, money, and resources; it can increase patient engagement; and, overall, it can improve patient care.
In today’s world, all providers are trying to do more with less, so it’s critical to gain a clear understanding of post-acute care market trends.