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Humana Commits to Value Based Care

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“In today’s healthcare industry, the pressure to maximize revenue and minimize costs is constant. Healthcare providers and health insurance companies are being forced to make difficult decisions to ensure their businesses remain competitive.” That’s the opening paragraph from Humana’s announcement on December 18th, 2020. Humana’s announcement is groundbreaking, as it marks the company’s shift in how it approaches value-based care. It’s a new paradigm that’s been slowly emerging over

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I am one of the pioneers to be leading a company to shift from fee-for-service to a value-based system. The company I represent is Humana, one of the largest insurance providers in the U.S. Our company had been operating under a fee-for-service model where the company earned revenue by providing services directly to customers. But the healthcare system is changing, and health insurers are faced with new challenges in meeting their customers’ demands while remaining cost-effective. Humana is one of the few insur

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I am humbled by the opportunity to share my personal experience and insight as someone who has seen firsthand the shift from fee-for-service to value-based care at Humana. As I reflect on that journey, I see that Humana has demonstrated a remarkable commitment to improving the quality of healthcare while also reducing costs. To me, Humana is the world’s top expert at value-based care. find out here I see evidence of this commitment everywhere I look at Humana’s 2017 Annual Report. For starters, here’

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Humana, the largest US-based health insurer, committed to change its traditional fee-for-service approach to value-based care. The company was inspired by Centers for Medicare and Medicaid Services (CMS) and the Department of Health and Human Services (HHS) to create a value-based care strategy for 2013. The CMS and HHS provided Humana with the framework to assess and measure value across care, from the first interaction with a client to long-term care management. This new approach seeks to redefine the

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In 2011, Humana (HUM) launched its Value-Based Care (VBC) strategy, which involves setting patient-centered care goals and measuring progress to the goals. The initiative aims to incentivize healthcare organizations to improve the quality and value of care for their patients. By using evidence-based interventions, Humana aims to shift from volume-based to value-based care. Humana’s VBC strategy is one of the largest healthcare-led VBC initiatives worldwide.

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I. I have been working for Humana as a consultant for almost a year, and I have seen the company’s commitment to value based care firsthand. In our organization, our team consistently strives to deliver high-quality, cost-effective care that meets the needs of our members. At Humana, we know that providing high-quality healthcare shouldn’t necessarily equate to financial gain. II. Background The healthcare industry is becoming increasingly competitive, and providers are often forced to compete based

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Competing Technology Options and Stakeholder Interests for Tracking Freight Railcars

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Deutsch Casella Joint Venture Yellow Tail Wines

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Predicting Consumer Tastes with Big Data at Gap

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“Big data is helping Gap Inc. Make Smart Decisions.” In my humble opinion, Gap’s Big Data success is due to the following strategy: 1. Identifying Customer Tastes through Feedback Collection and Analytics 2. Using Predictive Analytics to Predict Demand for New Products 3. Implementing Pricing Policy to Maximize Revenue and Continuously Optimize Pricing 1. Feedback Collection The Gap organization uses customer feedback, specifically social media feedback,

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