With the recently passed Healthcare Reform legislation, healthcare providers are becoming more and more financially responsible for the cost, coordination and quality of care provided to patients across the spectrum. As the industry begins to implement value-based purchasing and accountable healthcare delivery systems, hospitals and health systems will need to utilize a variety of both formal and informal physician-hospital relationships to optimize patient care.
Many hospitals have improved clinical outcomes and financial performance by leveraging healthcare consultants. Healthcare consulting for hospitals is an avenue that has proven successful with many hospitals and health systems. Healthcare consulting can unlock insights to transform the delivery of care, while reducing waste and increasing physician engagement.
Even minor improvements in care can increase economic savings for patients. Differences in best practices via clinical studies may take time to circulate and later, be deployed. And, now with the advent of value-based care, the patient experience has become pivotal. Value is measured by achieving successful outcomes and the role of healthcare consulting for hospitals plays in this scenario is growing every day.
One possible focus within healthcare consulting for hospitals is co-management, a model that typically focuses on a specific service line (e.g.; Cardiovascular, Orthopedic, Stoke, General Medicine and so forth). Co-Management Agreements are pay for performance programs that compensate physicians for taking a more active role in the daily management of their service line. This type of agreement also holds the physicians financially accountable for the performance of the service line. Performance is typically measured by quality of care, operational efficiency, financial performance, alignment and other agreed upon key performance indicators. Co-management fosters collaboration among physicians and hospital administrators to increase the value of services while improving the quality of care and eliminating waste.
Dynafios offers a Co-Management physician alignment agreement that usually takes only 90 days to sign. Standard agreements may take 12 to 18 months to structure just the agreement, which outlines the roles, responsibilities and the individual and group stipend if all contract obligations are met. At the end of the agreement, the contract is adjudicated and participants are paid accordingly. While the typical Co-Management Agreement is still being hammered out, the Dynafios Co-Management Agreement has already aligned physicians with hospital administration, and is on it’s way to being adjudicated. Dynafios accelerates results with this co-management formula.
Dynafios offers a wide range of healthcare consulting for hospitals, including co-management consulting, and specialty specific healthcare data analytics to help hospital management base decisions on sound metrics, not intuition. Healthcare organizations can cut waste, improve clinical outcomes and financial performance. Plus, physicians and other providers collaborate better, refining the processes until it becomes a smooth running machine and high quality care is consistently delivered.