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How Will Patient Engagement Affect Your Value-based Reimbursement?

Patient Engagement is an invitation for participation with shared decision-making and to create a take on aspects of communication-channels which will provide the patients the benefit of managing their own health under the care of physicians or with the member of the healthcare team. An activated or engaged patient will provide the healthcare system with a patient of better understanding and awareness of healthcare problems.

Here are a few insights on patient engagement in value-based reimbursement:-

  1. A different process for engagement

Every patient is a person and mostly isn’t happy while coming to meet you. The patient is looking for care, usually; the care results in one-way communication. Patient engagement is close to zero.

Some of the beneficial factor for physicians

  1. Compliance benefited patients.
  2. Improved patient diagnoses and fewer no-shows.
  3. Better facility marketing.

A patient has a better engagement with physicians who are independent as it gives more time for you to spend with the patient for interaction and improve the engagement. For physicians working in a group, this could be the best reason to outsource medical billing so you can concentrate on your patient care.

  1. Better cost engagement

Improved care utilization and systematizing the most effective service for the patient according to each engagement will enable you to put forth a better value-based result.  It will also add the necessary preventive service for care that would cut down on long-term costs.

  1. Consistency in communication

You can be more proactive when it comes to approaching the potential group of employees or employers which might lead you towards getting a wider range of engagement for the practice. For a physician group it’s easier with approaching a group of employees and then an insurance company, this would lead to building consistent communication with a group of employees leading to better engagement with future patients on the value-based reimbursement for the procedures and diagnoses.

For consistent communication between the payers- insures and patients along with physicians their needs to be a flow of information from both sides which would get the reimbursement flowing.

Practices can employ a strategy which is “Take the wheel”. Follow the recommendations given by the payers to small practices that take the lead on messaging the patients. The particular program or intervention that a payer of a small practice.

For Example, if a patient needs a cancer-preventive program, the payer needs to cover it through out-of-pocket payment and the employer insurance will be willing to pay part of it. If all the stakeholders get in the loop even as the physicians want to see in continuous condition loop, and everyone benefits. The main example is to engage the necessary parties for better value-based care and patient engagement.

  1. Patient Engagement

Patient portals can act as a technology bridge between patients and physicians which would improve the service. The IT companies will develop an advanced function such as a more user-friendly app to encourage more engagement with user-friendly apps that encourage engagement and involvement.   This will not only promote your patient engagement it will also help you keep track of the necessary components of patient care.

To improve your patient engagement under the value-based reimbursement model, you will need a team of billers and coders so that you promote your patient engagement without hampering your revenue.  For more info on medical billing click here or call us on – 888-357-3226.

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Catering to more than 40 specialties, Medical Billers and Coders (MBC) is proficient in handling services that range from revenue cycle management to ICD-10 testing solutions. The main goal of our organization is to assist physicians looking for billers and coders, at the same time help billing specialists looking for jobs, reach the right place.

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