How can post-acute and acute care providers partner to address the demands on the healthcare industry?
Hartman Executive Advisors, an independent technology advisory firm, recently brought together long-term post-acute care (LTPAC) CEOs and CFOs to discuss ways to develop and maintain meaningful partnerships with acute care providers.
There isn’t much downtime for healthcare executives and administrators, and as a result, they rarely connect with their industry peers on challenges and ways to achieve their organizational goals. Hartman’s LTPAC roundtable series for top executives provides the opportunity for discussion and idea sharing at the C-level.
Partnering for population health
At the most recent LTPAC roundtable, the topic was acute care partners and their expectations for post-acute providers related to technology and data. Here are the highlights:
- Waiver 2.0, the update to Maryland’s All-Payer Model, represents an opportunity for post-acute engagement at the hospital level, related to both financial and quality goals. This includes:
– Shared revenue risk through bundled payments, ACOs, etc.
– Ability to care for higher-acuity patients in lower-cost settings
– Working with hospitals and other providers to avoid readmissions
– Implementing telehealth and other technologies to avoid unnecessary readmissions
- Health information exchanges like CRISP (Chesapeake Regional Information System for our Patients), Maryland’s statewide health information exchange*, provide an answer to some of the problems associated with point-to-point integration, but barriers still exist.
- A major challenge for post-acute care is prioritizing IT investments for the best potential ROI. For example, leaders struggle to understand how investments, like EHRs (electronic health records), can be leveraged for both financial and clinical purposes and strengthen the facility’s position in the market.
- Are hospitals and other acute care providers asking the right questions of their long-term care partners? What questions should be asked to get to the ultimate goal of population health?
Getting started today
Waiver 2.0 is fast approaching in Maryland, and the time is now for leaders from both acute and post-acute care to work together as better partners to achieve the goals of the waiver.
However, LTPAC providers need to ensure they can provide relevant and accurate data before going into any partnership discussion. If your organization wants to be prepared with this information, Hartman can help you develop and implement a plan to collect relevant data and present yourself as a strong partner.
Are you a C-level healthcare or LTPAC executive who wants to contribute to the conversation and participate in an upcoming roundtable discussion for your industry? Sign up today to have your voice heard and to hear the voices of your peers.
Roundtables are hosted at Hartman’s office in Timonium, Maryland. Remote access is available.
*CRISP is a Hartman client