Blog

Rhapsody Health Solutions Team

Data-driven, value-based connected healthcare should include pharma

Ecosystem Thinking Accelerates Innovation

Original article in Techonomy on a conference panel discussion at Techonomy NYC.  Excerpt:

“The panel touched upon one of the most profound changes happening in healthcare—the shift towards outcomes-based pricing. As healthcare systems everywhere face escalating strain from growing disease burdens and out-of-control costs, patients and payers are increasingly demanding new models of reimbursement that focus on the value that treatments confer rather than the amount of treatment delivered. A new medicine, for example, might show impressive health benefits in a clinical trial, but it may have more muted impacts on patients in the real world. Wouldn’t it be amazing if patients only had to pay for medicines and other treatments when they actually work?

 

The connectivity-fueled explosion of real-time data about what happens during treatment makes this vision possible. It gives healthcare systems the power to measure outcomes with more speed and accuracy than in the past, and use those measurements to direct funds to the most effective therapies. While such outcomes-based reimbursement models are not yet a widespread reality, forward-thinking healthcare organizations like Bayer are imagining a world where they are the norm.”

What a fascinating concept! I wonder… is pharma included in the vision of value-based healthcare that the HHS has been pushing the past year? With so many patients taking medications, a focus on medication efficacy would do wonders, not only for outcomes, but also great reduce costs.

Here’s to hoping that interoperable health data can lead to true, real-time measurements that improve care in every segment.

"*" indicates required fields

First Name*
Last Name*
This field is for validation purposes and should be left unchanged.

Related Blogs

Rhapsody Health Solutions Team

What’s Draining Your EHR Data Integration Team—and How to Fix It

Discover how to solve EHR integration issues with iPaaS and orchestration. Free your IT team from rework and delays with a scalable interoperability strategy.

Read More >

Read more

Rhapsody Health Solutions Team

The Evolving Role of Health Information Exchange in Achieving True Interoperability

Explore how health information exchange and interoperability enable smarter data sharing, reduce silos, and drive care coordination at scale.

Read More >

Read more

Rhapsody Health Solutions Team

Rhapsody Introduces Image Director to Modernize Imaging Workflows and Reduce Infrastructure Complexity 

New DICOM routing and imaging integration solution saves radiologist time, reduces vendor sprawl, powers multi-modal exchange, and accelerates AI ROI for imaging networks, IDNs and health tech solutions.

Read More >

Read more