Healthcare Partnerships: How You Can Strengthen Yours

How Do Organizations Create Better Healthcare Partnerships?

Since healthcare partnerships are formed to address specific issues, several key principles must be laid as foundations. Core values such as openness, trust, and honesty strengthen partnerships. Aside from these, organizations need to determine general principles to facilitate better healthcare partnerships with the most crucial aspects include:

Solution Identification

In any given type of population, there will always be different types of healthcare concerns. These healthcare concerns can range from chronic to acute health issues that need more focus than others. These can also require specific local partnerships to resolve local issues. Organizations that can identify these concerns will have the advantage of forging better healthcare partnerships.

Structure Flexibility

Getting the right administrative structure is a delicate balancing act. Structures matter less than the purpose of the partnership. Thus, healthcare partnerships need to be more flexible to adapt to address specific needs, tasks, and issues.

Outcomes-Focused Goals

Successful healthcare partnerships thrive when they focus on achieving goals and outcomes. Shared objectives, clearly defined results, and targeted outcomes drive up the value of healthcare partnerships. 

Clear Responsibilities

Defining work roles and responsibilities goes a long way in ensuring better healthcare partnerships. Generally, administrative structures help delineate job responsibilities, functions, and roles.

Development Growth and Time

Many healthcare partnerships take time to yield results. This is often due to trust establishment, work coordination practices, and a proportional learning curve.

Numerous healthcare organizations have been developed to address these industry goals. PHOs are the most popular healthcare partnerships, with Accountable Care Organizations (ACOs) and Direct Contracting Entities (DCEs) following closely. Each of these organizations has its own specific requirements, characteristics, and challenges. Regardless of their structure, they all are healthcare partnerships. This is because each partner has directly or indirectly benefited from the expertise and resources of other providers. As a result, patients have better access to tools and services that enhance their healthcare journeys from these partnerships.

Looking Out for Possible Challenges Might Just Help You Long Term

Healthcare partnerships provide the perfect opportunity for providers to multiply their reach while sharing resources. With many interested parties forming partnerships, there can be legitimate causes of concern for this particular industry, including:

Competition

Corporate challengers will always be present in lucrative markets. Competition can exist healthily among healthcare organizations without becoming excessive. When taken positively, competition can be used to improve healthcare partnerships further.

Purpose

Lack of organizational goals and objectives due to overly broad responsibilities leads healthcare partnerships nowhere. Specific mission and vision statements shape company policies and procedures. These ensure that the corporate goals remain intact and in view.

Communication

The right balance of communication can be a delicate matter. Communication that is constant, clear, yet minimally intrusive can improve trust and cooperation among partners. Regular and concise communication encourages partners to increase authoritative confidence in making important decisions.

Productivity

Time is one of the most valuable resources for measuring productivity. Healthcare partnerships often take some time to develop mutual trust and confidence. Under this condition, decision-making processes and resource utilization can be compromised.

Strengthening the entire continuum of care is one of the top priorities for many healthcare partnerships. This includes integrating innovative and specialized tools to enhance work productivity from start to finish. As health populations continue to grow and expand, delivering specialized follow-up patient care is even more crucial.



Strengthen Your Operations with a Reputed Healthcare Administrative Solutions

We live in a very exciting time in healthcare. The response to transitioning industry models and reimbursement rules has allowed providers to look for innovative solutions. A growing need has developed to reward professional efficiency, improve care delivery quality, and produce better health outcomes.

With nearly thirty years of working with top healthcare organizations, MedVision has worked to ensure that healthcare partnerships remain competitive. Fittingly, QuickCap 7 (QC7) was developed to be their premier value-based integrated healthcare administration solutions. Packed with powerful modules capable of interoperability functions, QC7 intuitively streamlines your healthcare processes. Complex workflows are made faster, more comprehensive, and remain flexible enough for you to customize. With QC7, your business can:

• Easily manage claims through powerful capabilities that allow you to process payments.
• Handle cases and referrals seamlessly by closely monitoring and tracking cases.
• Quickly oversee key authorizations processing and configure service packages.
• Create provider and fee modifiers with just a few clicks.
• Manage, validate, and review claim-related details with ease.
• Effortlessly manage organization and provider credentials from initial application requests through the completion of created profiles.

Developed just for you, QC7 simplifies your healthcare processes while keeping your organization functioning optimally. For so many years, MedVision has proudly supported numerous key healthcare partnerships into successful operations. Let us make your healthcare goals a reality and transform the industry into your vision of success.

Achieve your successful healthcare partnerships today!

References:

1. Andoh-Adjei, Francis-Xavier, Bronke Boudewijns, Eric Nsiah-Boateng, Felix Ankomah Asante, Koos van der Velden, and Ernst Spaan. “Effects of Capitation Payment on Utilization and Claims Expenditure under National Health Insurance Scheme: A Cross-Sectional Study of Three Regions in Ghana - Health Economics Review.” BioMed Central. healtheconomicsreview.biomedcentral.com, August 27, 2018. https://healtheconomicsreview.biomedcentral.com/articles/10.1186/s13561-018-0203-9.

2. Association of Academic Health Centers. “Volume 1, Number 1.” www.aahcdc.org. Accessed June 13, 2022. https://www.aahcdc.org/Publications-Resources/Series/Nota-Bene/View/ArticleId/15897/Eight-Strategies.