Healthcare
The Trio of Deal Breakers for Physician Practices Survival
A closer look into the significance of Value-based Reimbursement, Physician Documentation, and Key Performance Indicators (KPI) in 2021
For decades the realm of healthcare has been moving from a patient-centered personalized medical service to a corporate-based population health model.
Not too many years ago, the healthcare administrators were contemplating a system that is meant to offer a precision-based healthcare delivery model; three issues exist, which would fail some parties if unresolved during the delivery of care. In this case, that is the physician and patient.
In 2021 healthcare will continue fast-forwarding, emphasizing three elements of modern medical practice: value-based reimbursement, physician documentation, and key performance indicators. Compliance with the latter triad of the 2021 healthcare elements is a deal Breaker to the sovereignty of patients and physicians.
Value-based Reimbursement
In January 2015, the Department of Health and Human Services (HHS), for the first time, announced that it was switching fee-for-service Medicare payments to a value-based reimbursement model and intended to do so by the end of 2018.
HHS did so by unveiling the scheme called the “MACRA” framework that primarily focused on substitute payment models for quality care improvements, which led many providers to start investigating the switch to value-based care.
The value-based reimbursement unraveled fast and robust so that it goes the medical community off guard. Even today, the transition to a merit-based payment system is an intricate task for individual clinicians and many organizations.
Because value-based reimbursement models function the best, require robust data analytics capabilities, population health management programs, and successfully use state-of-the-art information technologies for documentation and reporting such as Electronic Health Record (EHR).
It is not as complex to roll out a system that would operate under a value-based approach to agree upon the terms of the value of the care and on whose terms.
That is precisely why, despite overwhelming efforts towards implementing the new reimbursement model and technological breakthrough. Physicians are burning out, and patients are less satisfied.
Undoubtedly, in 2021 physicians need to accept that they need to arm themselves with more robust tools and sleeker strategies to stay in the game.
However, since there is a lack of consensus as to what entails a good value of service and transparency throughout the process, it is clear why most physicians today are still struggling to maintain their sovereignty.

Value is somewhat driven by the quality of service and modified by its supply and demand. Quality, particularly in the healthcare stage, is the derivative of physicians’ objective determination and patients’ subjective perception at a particular time and location. Thus, the latter demands a “Personalized healthcare” setting.
It is quite pertinent that the HHS criteria for quality service are more than partially based on a set of arbitrary social determinants of health and disease.
However, that may bring quality and value to the table for patient care that is far from a deal that is as personal as a doctor-patient encounter. But, irrespective of what the measure of quality and value are amidst value-based reimbursement schemes still, physicians have no choice but to comply if they genuinely want to stay in practice.
Because whatever is being dictated has already become the standard of medical care. Thus, the prevailing merit-based reimbursement system is a one-size-fits-all medical practice scheme. It embraces a structure where a patient at one end of a socioeconomic zone will have the same treatment for the same form of disease s on the other end of the same community.
Under personalized healthcare, every individual deserves to receive their custom treatment modality, embracing their own set of quality criteria and values. Therefore, the value-based reimbursement criteria will adjust to the specific encounter.
Physician Documentation
From papyrus to the electronic health records (EHR): and patient-related data in clinical settings with rapidly accelerating adoption history of the development of medical records in the West suggest sermons applicable to the current evolution.
The early reported significant transition in the evolution of the clinical medical record happened in antiquity, with written case history reports for didactic purposes.
From classical and Hellenistic models earlier than physicians in the West, medieval Islamic physicians continued developing case histories for didactic use. A forerunner of modern medical records first appeared in Paris and Berlin by the early 19th century.
The development of the clinical form in America was pioneered in the 19th century in major teaching hospitals. However, some people did not develop a valuable clinical medical record for direct patient care in hospitals, and they failed to establish ambulatory settings until the 20th-century.
Over century-old physicians, documentation has evolved significantly both for clinical encounter documentation, didactic and proof of clinical decision making to prevent legal obstacles.
Advances in big data, artificial intelligence (AI), and value-based reimbursement have prompted information tech industries to support healthcare administrators to take the physician documentation requirements to a new level.






