The Illinois Hospital Association and the Missouri Hospital Association have announced a new partnership designed to help member hospitals transition from fee-for-service to value-based reimbursements through the use of big data analytics.
The joint venture will combine the organizations' resources to embrace available technologies and develop affordable products and services to aid hospitals in turning available data into actionable intelligence.
"Moving from volume to value is dramatically changing the landscape of how hospitals deliver healthcare," said Maryjane A. Wurth, IHA president and CEO, in a news release. "In order to be positioned for the future, hospitals and health systems need to move quickly to more actionable data; and beyond administrative claim and fee-for-service data, to clinical and continuity-of-care data. This new partnership will facilitate this transition by providing the types of analytic products hospitals and health systems need to improve patient outcomes and succeed in this new environment."
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