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Collaboration In Healthcare

490 Words2 Pages

In today’s ever changing healthcare environment, the only way that healthcare providers and organizations can be successful in through collaboration. With the advances in technology and the enormous amount of data available, information is fast becoming a commodity. What is important is what healthcare organizations do with the information they obtain. The information needs to be shared in order to innovate across the organization. The acquired knowledge, experience, ideas, and action items needs to be shared with colleagues, partners, suppliers, patients and other healthcare organizations in order to develop something good with the information. “A driving force behind these partnerships is the quest to expand access to data that holds …show more content…

This innovative business model will help control the flow of patients. The healthcare industry is moving towards a pay-for-performance model for reimbursement. This type of partnership is beneficial to both healthcare providers and insurers because it allows for better management of resources and dollars, they require less capital, and insurance plans can be offered quicker. Additionally, the larger insurance companies can absorb the costs of the hospital starting up a new healthcare insurance business. “Like other hospital chains across the country, it’s under intense pressure from public and private insurers, as well as employers, to accept flat-rate payments for care, rather than reimbursements for every service. And that puts pressure on hospitals not just to manage costs, but to keep people well – in short, to act more like insurers” (Rabin, 2012, p.1). A health insurance partnership between the hospital and insurance companies can improve care coordination which will result in higher levels of patient satisfaction. The goal of creating these partnerships with insurance companies is to reduce costs by encouraging healthcare providers to decrease discrepancies or differences in care through implementing evidence based practices. As an insurer, the hospital would be responsible for the cost of hospitalizations, thus not making revenue from it. However, it would compel the hospital to use more of its resources on providing preventative

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