Health Care IT & Big Data Analytics Expanding with the Rise of Value-Based Care Model
At more than $3 trillion per year, U.S. health care spending is a hefty financial burden, demonstrating the need for a more cost- and resource-effective solution. Designed to replace the traditional fee-for-service approach that compensates care providers for the number of services they deliver, the value-based model is emerging as a preferred model that pays providers according to the results of their care. As the health care system shifts toward this approach, there is a growing need for efficient technology platforms and big data analytics that can help curtail rising medical costs and make the overall system more efficient. Leading…
