7 Key Cost Reduction and Quality Improvement Strategies: A Series About the Latest OIG Study

In July of this year, the Office of Inspector General (OIG) for the U.S. Department of Health and Human Services (DHHS) released a new study chronicling 20 high performing accountable care organizations (ACOs). Their efforts produced notable successes, each achieving a quality score of 90 or above and coming in less than their benchmark of spending within their second, third, or fourth performance year. This study, entitled “ACOs’ Strategies for Transitioning to Value-Based Care: Lessons from the Medicare Shared Savings Program,” offers compelling understandings on how ACOs can stretch their funding further while expanding the quality of care they provide. …

Reduce Physician Burnout by Becoming a “Dot Connecting” Organization

Earlier this month, I hosted a webinar about combating physician burnout by shifting to value-based culture. Although burnout is common in many professions, the negative impact of physician burnout is substantial. Burnout often links to low job satisfaction, a decline in patient outcomes, and an overall decline in healthcare delivery. Recognizing the causes of burnout and implementing the right solutions improves both medical professionals’ outlook and how they tend to their patients. The Main Causes of Physician Burnout The first step is finding the root of burnout. According to the 2019 Medscape National Physician Burnout, Depression & Suicide Report, the …

How Advisory Services Helps Value-Based Care Organizations Reach Their Goals

In this post, I will walk through what we as an Advisory Services team do to help each client reach their value-based care goals. Most health organizations do not have time to learn the ins and outs of population health initiatives on their own, let alone implement a strategic plan with the required moving parts to achieve physician buy-in and healthcare team alignment. Once coming on board with Lightbeam, we help clients develop a strategy based on their current contracts, capabilities, and data quality to produce tangible results. To ensure client success, we assign a dedicated advisor to each new …