Health system executive teams are in a bind as expenses rise faster than reimbursement rates, and margins are expected to stay slim for the next few years, per Becker’s.
With few options to mitigate costs and avoid cutting services, layoffs or worse, hospitals and health systems are accelerating value-based care strategies and taking a more nuanced approach to the site of service for care.
Hospitals and health systems are now leveraging digital technology and artificial intelligence to support value-based care efforts. Mount Sinai Health System in New York City is using AI, predictive modeling and machine learning to reduce readmissions, a key component of improving quality and cutting costs. Read more.
