As hospitals around the country are adapting to the shift from fee-for-service reimbursement to a value-based care model focused on quality over quantity, the need for trusted evidence-based decision support is more important than ever before. The Centers for Medicare & Medicaid Service states that value-based programs support a three-part approach based off the Institute for Healthcare Improvement’s Triple Aim with directives of better care of individuals, better population health and lower cost. These directives are measured in reduced hospital readmissions rates, increased population health management strategies and decreased healthcare cost. In this article, we will explore how utilizing DynaMed and Micromedex with Watson supports these value-based care directives.
Supports Interprofessional Care
Interprofessional practice plays a vital role for improving patient care and quality outcomes. When a well-rounded team of clinicians, nurses and health professionals come together to treat the whole patient — physically, emotionally and socially — the results are often improved outcomes, greater compliance to care plans and, in general, a more satisfied patient. DynaMed and Micromedex with Watson seamlessly combines the clinical expertise and extensive, curated disease content of DynaMed with the depth and breadth of drug information and AI search capabilities of IBM Micromedex® with Watson™, in one single solution. This ensures comprehensive coverage for the entire care team with current, high-quality, and actionable evidence-based drug and disease information. Whether it is a physician needing diagnosis decision support, a nurse validating IV compatibility or conducting medication safety, or a pharmacist in need of robust drug information, DynaMed and Micromedex with Watson has the evidence-based information needed to support interprofessional care teams in their efforts to provide value-based care.
Reducing the cost of care is a key component of value-based health. And, cost reductions are not limited to the overuse of practices and services. It also applies to the cost of resources used to aid in delivering the highest quality of care.
Reducing the cost of care is a key component of value-based health. And, cost reductions are not limited to the overuse of practices and services. It also applies to the cost of resources used to aid in delivering the highest quality of care.
Helps to Reduce Variation in Care
Care variation not only compromises the integrity of patient care but can also be costly for hospitals and health systems. In a recent Becker’s Hospital Review article, clinical variation is described as involving, “the overuse, underuse, different use and waste of healthcare practices and services with varying outcomes.” Offering a single solution that supports the decision-making needs of the entire care team can help reduce variation in care. DynaMed and Micromedex with Watson can help the interprofessional care team align care and services based off of the recommendations and guidance of a single evidence-based play book.
Offers a Cost-Efficient Solution
Reducing the cost of care is a key component of value-based health. And, cost reductions are not limited to the overuse of practices and services. It also applies to the cost of resources used to aid in delivering the highest quality of care. With DynaMed and Micromedex with Watson, hospitals and health systems can support the entire care team, reduce variation for an overall lower cost and ease business management. Additionally, a DynaMed and Micromedex with Watson subscription includes transparent and stable pricing combined with implementation support to decrease the burden on your team — along with a complimentary mobile app which reduces the total cost of ownership. Where others may charge additional fees for these services, DynaMed and Micromedex with Watson includes all fees upfront to ensure our solutions are actively supporting the goal of lowering the overall per capita cost of care.
We hope this article has provided you with some insight on how an evidence-based clinical decision support tool like DynaMed and Micromedex with Watson supports value-based care. To take a deeper dive into the solution and its benefits to hospitals and health systems worldwide, please visit our website today.
