The OP EHR and Care Coordination: Is Your Practice Ready to Contribute?
A recent report published by the consulting firm Frost & Sullivan suggests that the OP ambulatory EHR market could expand by 30 percent by 2020, with a compound annual growth rate of 5.3 percent. According to Senior Research Analyst Koustav Chatterjee, growth is expected to peak in three to four years. “Revenue growth will peak during 2019 to 2020 as more ambulatory practices are expected to embrace more expensive, integrated EHRs,” he explained in the January press release. “With healthcare providers’ desire to benchmark outcomes at a network, practice and patient level, their need for integrated EHRs will only grow.”
This forecast comes in the wake of incentives and regulations from the Centers for Medicare & Medicaid Services (CMS). In addition, the Affordable Care Act (ACA) has been instrumental in pushing standards for technology and healthcare reform to transition to value-based reimbursements.
So why is this important? It is increasingly critical for OP rehab organizations and practices to understand and prepare for the change that is occurring even as we speak. For many years, the “need for EHR” has been tied to hospitals and inpatient care. As the focus turns to value-based reimbursement, ACOs, and patient care coordination, the light is now shining brightly on HOW OP practices will contribute and continue to manage patient care across the continuum. This will require products and processes that enable OP organizations to not only collect data electronically but, more importantly, use the information to drive:
- compliance and risk mitigation
- patient care coordination
- patient engagement with their care
- use of outcomes to measure clinical performance
This continues to be our focus here at Mediware; providing information, guidance, and comprehensive software solutions to arm practices with tools to manage their clinical and operational workflows from referral to discharge. These tools, coupled with the interoperability and interfaces, contribute to what is needed to deliver quality and coordinated patient care that will succeed today and into the future.
Does your practice have the tools it needs?