This is an excerpt from a story delivered exclusively to Business Insider Intelligence Digital Health Briefing subscribers.Efforts to implement value-based care programs have snowballed: Forty-eight states and territories in the US currently implement VBC programs, compared to just three in 2011,hospital payment to the quality of care provided as opposed to the number of services provided.
Physicians are faced with a heavy clerical burden while trying to comply with the regulatory requirements of VBC payments.of providers say Medicare and Medicaid's pivot to VBC has escalated their regulatory burden, and nearly 80% say the shift to VBC hasn't been successful. That's likely because VBC forces providers to spend more time meeting data reporting standards and dealing with billing complexities.
And providers have to get savvier about managing patient readmissions — or pay hefty penalties. Hospital readmission penalties are a hallmark of the US government's push toward VBC, and the Centers for Medicare and Medicaid Services has imposed nearlyThe bigger picture:AI-powered voice assistants can help providers automate administrative inefficiencies imposed by VBC.