The Power of Data Interchange and Interoperability

To succeed in value-based programs, health plans and providers need to fully understand the needs, risk factors, and costs of their members and patients. That understanding hinges upon organizations’ ability to access and exchange individual and population-level data; however, that information is often too siloed or fragmented to be useful.

Building a seamless and interconnected ecosystem is the first step towards transforming the healthcare landscape. By investing in data interchange and interoperability, health plans and providers can improve care coordination and quality, reduce costs, and collaborate more effectively with their partners to deliver on the promise of value-based care.

Edifecs CEO Venkat Kavarthapu and CMO Dr. Summerpal Kahlon discussed the importance of interoperability in accelerating value-based payment adoption in a recent episode of IAHV’s “Race to Value” podcast. Venkat and Summerpal also shared insights on the future of AI in healthcare, the challenges for providers moving into value-based care, and why technology solutions will play a major role in healthcare’s ongoing evolution.

Click this link to listen to this can’t-miss conversation!