The Georgia-based healthcare analytics company introduced a system that identifies socioeconomic hurdles affecting patient health and steers its hospital clients toward programs to invest in that could help boost health outcomes, per Healthcare IT News.
The system is built on Microsoft's cloud and was crafted to help clinicians offer personalized treatment plans to address patients' social determinants of health (SDOH) - factors like income and food access that drive the lion's share of health outcomes. It also helps healthcare organizations allocate resources into partnerships that can effectively address common issues among their patient populations.
Jvion's product should be attractive to hospitals looking to hone in on SDOH strategies and make the best use of their funds. While health insurers are rapidly adopting strategies for knocking down socioeconomic barriers to care, it could prove more difficult for hospitals, especially since SDOH data can be tricky to obtain and quantify, and inputting novel info into EHRs could add more work onto information-overloaded docs' plates.
Plus, having knowledge that a patient, for example, has limited access to nutritious food - which could lead to serious and costly conditions like diabetes - is just the first step. Docs then have to actualize that information and create ways to connect patients with proper resources, and organizations need to decide where to invest in programs.
And we think the more than half of US providers betting on AI for clinical decision support (CDS) would be smart to funnel those investments into SDOH-related CDS efforts that help them effectively place money into community programs. Hospitals spend a total of $95 billion on community benefit programs - and they'll likely want to ensure those funds are being allocated effectively.
As value-based care (VBC) pressures providers to dole out top-notch care, we could see analytics companies like Jvion step forward with more SDOH-specific products and reap success via tie-ups. Under value-based payment structures, clinicians are reimbursed based on the quality of care they provide rather than the number of services rendered.
And VBC is being pushed to the mainstream by private and government-sponsored payers alike: UnitedHealthcare plans to expand the number of patients enrolled in value-based plans tenfold over the next five years, for example. This means that health systems will be under more pressure than ever to link patients with the resources they need to stay healthy - both within and outside hospital walls. And health tech firms that can slide in with easy-to-integrate solutions that help docs seamlessly and cost-effectively address SDOH are likely to be successful in forging tie-ups.
Want to read more stories like this one? Here's how to get access:
All Rights Reserved © 2024
