Population Health Management - AHIP · health care as a driver of Population Health Management ......

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1 This whitepaper addresses value-based health care as a driver of Population Health Management (PHM), the integral role of pharmacy-based Population Health Management, and strategies for optimizing patient care capacity to improve health outcomes and lower costs of patient care. Market Landscape While healthcare costs per capita are higher in the U.S. than anywhere else in the world, the nation’s health outcomes are far from the best. 1 According to the National Academy of Medicine, waste accounts for nearly 30% of the total $3.2T U.S healthcare budget. 2 Meanwhile, costs are increasing at an exorbitant rate, fast approaching 20% of the U.S. GDP. 3 Quality improvement and cost reduction have become a national imperative. 4 The nation’s healthcare industry is under tremendous pressure to reduce waste at all levels and improve quality of care and health outcomes. Escalating costs are shifting our healthcare economy from traditional fee-for-service to value-based payment models. 5 Rather than simply caring for individual patients actively seeking care, healthcare professionals must be equipped to care proactively for entire populations, and receive compensation for the outcomes they achieve, rather than the services they deliver. Success within this new value-based landscape of Population Health Management (PHM) requires new partner alignment, innovation in data harnessing, and value- based prioritization in the allocation of scarce healthcare resources. 6 . Our future healthcare economy will require healthcare professionals to care proactively for entire populations and be compensated based upon outcomes achieved rather than services delivered. Omnicell, Inc. | Population Health Management: Optimizing Pharmacy’s Capacity for Value-Based Patient Care WHITEPAPER Unnecessary Services $210 Billion Excessive Administrative Costs $190 Billion Prices That Are Too High $105 Billion Inefficiently Delivered Services $130 Billion Fraud $75 Billion Missed Prevention Opportunities $55 Billion

Transcript of Population Health Management - AHIP · health care as a driver of Population Health Management ......

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This whitepaper addresses value-based health care as a driver of Population Health Management (PHM), the integral role of pharmacy-based Population Health Management, and strategies for optimizing patient care capacity to improve health outcomes and lower costs of patient care.

Market Landscape

While healthcare costs per capita are higher in the U.S. than anywhere else in the world, the nation’s health outcomes are far from the best.1 According to the National Academy of Medicine, waste accounts for nearly 30% of the total $3.2T U.S healthcare budget.2 Meanwhile, costs are increasing at an exorbitant rate, fast approaching 20% of the U.S. GDP.3 Quality improvement and cost reduction have become a national imperative.4 The nation’s healthcare industry is under tremendous pressure to reduce waste at all levels and improve quality of care and health outcomes.

Escalating costs are shifting our healthcare economy from traditional fee-for-service to value-based payment models.5 Rather than simply caring for individual patients actively seeking care, healthcare professionals must be equipped to care proactively for entire populations, and receive compensation for the outcomes they achieve, rather than the services they deliver. Success within this new value-based landscape of Population Health Management (PHM) requires new partner alignment, innovation in data harnessing, and value-based prioritization in the allocation of scarce healthcare resources.6.

Our future healthcare economy will require healthcare professionals

to care proactively for entire populations and be compensated based upon outcomes achieved rather than services delivered.

Omnicell, Inc. |

Population Health Management:Optimizing Pharmacy’s Capacity for Value-Based Patient Care

WHITEPAPER

Unnecessary Services$210 Billion

Excessive Administrative Costs

$190 Billion

Prices That Are Too High$105 Billion

Inefficiently Delivered Services

$130 Billion

Fraud$75 Billion

Missed Prevention Opportunities

$55 Billion

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Population Health

Management is the

primary discipline

influencing

healthcare delivery

transformation.

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.

.

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David Katz, MD

Director, Yale University Prevention Research Center

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Omnicell’s Patient Management Access Portal (PMAP)

Omnicell’s Time My Meds® Medication Synchronization (Med Sync)

Appointment-Based Model (ABM)

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Medications account for

$310B

in spending in U.S.

today; optimizing their

use through improved

adherence alone could

save

$290B

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Institute for Healthcare Improvement, 2015

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Omnicell and the Omnicell design mark are registered trademarks and Time My Meds is a trademark of Omnicell, Inc. in the United States and internationally. All other trademarks and names are the property of their respective owners.©2017 All rights reserved. Rev. A 06/17

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Omnicell believes that pharmacy is the future of healthcare…and it shows.

This Population Health White Paper represents the views of the author, not America’s Health Insurance Plans (AHIP). The publication, distribution or posting of this Population Health White Paper by AHIP does not constitute a guaranty of any product or service by AHIP.