“Never before in history has innovation offered promise of so much to so many in so short a time.”
I’ve been bragging for quite some time about our technological prowess at Regency Nursing and Post-acute Rehabilitation Centers!
It is something we are exceptionally proud of.
Well, talk about being ‘ahead of the curve!’
Making the news these past few days, is a recent survey conducted by Black Book Market Research.
I’ll give you the gist of it.
Here is what we already recognize at Regency, which others are first learning about now:
Information technology is the key to surviving shifting payer mixes and greater accountability for quality care, say the majority of long-term and post-acute (LT/PAC) providers in a recent survey. Without better technology capabilities, about half of providers surveyed predict they will be bought out by more capable companies by 2015.
The “2014 Long Term and Post-Acute Care Information Technology: Adoption, Utilization and Forecasts” survey, asked executives at LT/PAC provider organizations to assess their information technology and patient data exchange capabilities and needs. The overwhelming majority of the 464 respondents (92%) agree that IT platforms for care coordination and data exchange would improve their organizations’ financial health and their ability to operate successfully under accountable care initiatives.
Yet, 63 percent say their current healthcare IT system capabilities are “extremely poor or non-existent.” Among skilled nursing facility respondents, the statistic rose to 79 percent.
Also disturbing is the perceived lack of IT solutions to handle long-term care’s needs: 89 percent of those surveyed could think of two or fewer vendors or consultants that specialize in technology solutions for LT/PAC providers. More than three-quarters of respondents couldn’t name any.
Most respondents anticipate greater shifts in the payer mix during the next 12 months, as well as further blurring of the lines between payers and providers. Many view improved IT capabilities as the golden key to solving what providers identify as their most pressing issues for 2014: declining reimbursements and payment denials.
…….Tell us something we don’t already know….