Support our online development, and advance our onground research initiatives in free market economics, as we seek to showcase the brightest Next-Gen minds.
THE ME-P DISCLAIMER: Posts, comments and opinions do not necessarily represent iMBA, Inc., but become our property after submission. Copyright © 2006 to-date. iMBA, Inc allows colleges, universities, medical and financial professionals and related clinics, hospitals and non-profit healthcare organizations to distribute our proprietary essays, photos, videos, audios and other documents; etc. However, please review copyright and usage information for each individual asset before submission to us, and/or placement on your publication or web site. Attestation references, citations and/or back-links are required. All other assets are property of the individual copyright holder.
SDOH is “Hot” in Healthcare Today
***
***
***
Conclusion
Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.
Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com
OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:
- PRACTICES: www.BusinessofMedicalPractice.com
- HOSPITALS: http://www.crcpress.com/product/isbn/9781466558731
- CLINICS: http://www.crcpress.com/product/isbn/9781439879900
- ADVISORS: www.CertifiedMedicalPlanner.org
- FINANCE: Financial Planning for Physicians and Advisors
- INSURANCE: Risk Management and Insurance Strategies for Physicians and Advisors
- Dictionary of Health Economics and Finance
- Dictionary of Health Information Technology and Security
- Dictionary of Health Insurance and Managed Care
***
Share this:
Filed under: Information Technology | Tagged: Healthy People 2020, HIT, SDOH, Social Determinants of Health Data Usage |
The Leading Business Education Network for Doctors, Financial Advisors and Health Industry Consultants 
SDOH
As you will read among other articles on this topic, it is competing priorities which presents the biggest challenges for the C-Suite. While process improvement, efficiency gains and better care can be derived from such an investment on SDOH, it is often the “soft” costs used as the measure. When looking at ROI, most want it to be more tangible for the result. Investing in technology or a new business line, you are looking at revenue growth. Investing in SDOH one is measuring resulting savings and reduced loss. Where we are with value-based reimbursement, it is imperative that healthcare organizations not only streamline but also maintain the quality of care. It is managing the patients from the vulnerable populations that is the real challenge.
Organizations with sound quality management systems that look at both the operational and clinical aspects of care can impact the savings to be realized. Whether it be increased costs from a patient population using the Emergency Department as their care provider or the costs of readmissions, making investments in technology, process change, projects focused on specific needs, these can make a considerable impact that will be realized with maintaining reimbursement and not being penalized.
As we look to the future of precision medicine and advancements in technology, this will enable providers to provide a means for better assessment models to identify those more at-risk. The resulting affect is that processes change by introducing new protocols or other means to better manage patients. The more consistent, the more to be gained. Lack of data is a shortcoming because most of the systems do not have a robust method in place for identifying social and behavioral concerns that should be considered in preparing a treatment plan for the patient.
There is objective evidence from success stories that have proven to be effective, but they made an investment to make this happen. Is it worthwhile for investment in SDOH, of course, but how to prioritize this among the other needs that are part of capital and operating budgets. If hospitals are not effective in how they are delivering care in the value-based reimbursement model that will likely continue, they will feel the pinch of this. Use a little now to save a lot more later.
Patrick Horine
President – DNC GL Healthcare USA, Inc.
via Ann Miller RN MHA
LikeLike