Transforming Healthcare through Population Health Management and Value-Based Care
The healthcare system is undergoing a transformation to a value-based funding model, which has concrete benefits for all stakeholders, including providers and patients. A successful transformation entails major changes in care delivery: new levels of care coordination, care provided in an integrated manner both inside and outside the hospital, the ability to measure and improve quality of care, and provision of much more information about how the system is performing to all stakeholders.
Population Health Management (PHM) is a cornerstone initiative in this transformation. PHM promises tremendous payoffs but requires a complex undertaking. It is about changing the behaviour of engaged consumers to lead healthier lives, and encouraging physicians to focus on providing the best possible quality of patient care at the lowest possible price. This model requires providers to collaboratively address whole populations. In short, they must orchestrate healthcare at scale.