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ACO REACH Challenging to Succeed in First Year But Tools Can Help

To succeed in ACO Reach, groups need to accurately identify the social determinants of health (SDoH) barriers affecting their patient population and determine which barriers could be addressed effectively. Some technology can accurately note specific SDoH risk factors facing a given patient and offer targeted intervention recommendations based on that patient’s unique SDoH risk factors. ....

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Look Beyond GPOs for a New World of Cost Savings

There’s a common belief in the healthcare industry that partnering with Group Purchasing Organizations (GPOs) means that most or all non-clinical purchases are covered by the contract. It almost sounds too good to be true: GPOs have all the answers for all your procurement needs. Finally, a one-stop shop for all your procurement solutions! Unfortunately, this is far from reality. In reality, GPOs only cover around 12-25% of non-clinical spend. This means that over 75% of non-clinical expenditures might not be covered by GPOs. Considering the scale of operations in the healthcare sector, the amount of money that isn’t maximizing its purchasing power is staggering. Potentially tens of, or even hundreds of millions of dollars, are minimally managed or unmanaged. By our estimate, elevating your attention and control of indirect spending could improve your health system’s operating margin by 200-300 basis points. The specialist versus generalist dilemma Would you hire a general p ....

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