Enhancing Decision Making with AI-Driven Recommendations
In this post, we’ll explore how AI-driven recommendations within EHR systems are reshaping decision-making in healthcare and how Credo Health is at the forefront of this transformation.
October 18, 2024
For value-based care providers, interoperability is key to driving better patient outcomes and aligning care with financial performance. The Trusted Exchange Framework and Common Agreement (TEFCA), introduced by the Office of the National Coordinator for Health IT (ONC), is designed to simplify the sharing of electronic health information (EHI) across health networks, and its implications for providers in value-based care models are profound.
First introduced in January 2018, TEFCA was put in place to achieve three goals:
Let’s look at the two main components of TEFCA: (1) Common Agreement and (2) Trusted Exchange Framework.
In value-based care, success is measured by outcomes, not just services provided. To achieve these outcomes, providers need comprehensive patient data to accurately assess health risks, provide timely interventions, and track long-term results. TEFCA facilitates this by establishing a nationwide framework for secure data sharing between healthcare organizations, ensuring providers can access all relevant clinical data across various systems and networks.
This is crucial in a value-based care model where care coordination and patient outcomes are tied directly to financial incentives. Without complete and timely data, providers risk making incomplete decisions, which could negatively impact both patient outcomes and financial reimbursements.
TEFCA is a game-changer for how data is exchanged between providers, particularly for those in value-based care contracts where comprehensive data exchange is necessary for success. With TEFCA 2.0, released in April 2024, providers can:
This significantly supports risk-based contracts, where providers take on financial risk for patient outcomes. Without the right data, value-based care providers are at risk of incomplete diagnoses, missed risk adjustment opportunities, and ultimately, revenue loss.
For providers participating in value-based care, TEFCA enhances care in several ways:
Check out our blog on Future-Proofing Risk Adjustment.
TEFCA doesn’t just help with clinical outcomes; it also boosts operational efficiency. Value-based care providers often spend significant time and resources tracking down patient records across fragmented systems. TEFCA simplifies this by:
TEFCA represents a critical step forward in the journey toward nationwide interoperability, particularly for providers engaged in value-based care. With complete, secure access to patient data, value-based care providers can deliver higher-quality care while ensuring they capture the full financial benefits tied to patient outcomes.
Credo’s platform integrates directly with TEFCA-compliant networks, giving value-based care providers unparalleled access to over 65,000 EHRs, HIEs, and clinical endpoints. This means complete, actionable patient insights delivered right when you need them—helping you maximize financial returns from risk adjustment and improve patient care.
Learn how Credo can support your practice in achieving value-based care goals by scheduling a demo today.
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