HIMSS Value Score to measure financial side of health IT

Resource includes hundreds of case studies that provide strategy, measures and tactics for document value
By Jessica Davis
04:20 PM
Money and tech

HIMSS on Thursday launched its Value Score program, the first international IT quality measurement for healthcare providers that factors in technological, clinical and financial outcomes.

Value Score is designed to help providers to improve care efficiency and advance clinical and financial performance through healthcare technology, building off of HIMSS' Value Suite and HIMSS Analytics Electronic Medical Record Adoption Model programs.

[See also: HIMSS Analytics launches EMRAM for ambulatory practices]

As the healthcare market shifts towards value-based payment, providers continue to look for effective ways to align electronic healthcare records with the change.

"With the move towards value-based care, the international healthcare community can now look beyond initial adoption and toward a broader, all-encompassing way to measure the clinical and financial value of health IT," HIMSS president and CEO Stephen Lieber said in a statement.

The guidelines for Value Score were developed by HIMSS and are set to refine the scoring algorithm across the global provider spectrum. The initial pilot group included critical access hospitals and HIMSS Davies Award winners.

[See also: HIMSS Analytics modifies Stage 7 revalidation process]

The resource includes thousands of entries from more than 900 case studies that provide strategy, measures and tactics for document value.

"The Value Score is a combination of HIMSS' core competencies and is the natural next step in the continual evolution towards better care and outcomes for patients and providers," Lieber said.

Value Score is the latest HIMSS-developed health IT adoption resource. It joins EMRAM, which tracks EMR adoption progress, and HIMSS Health IT Value Suite and Value STEPS, a framework and provider resource for creating value strategy.

[See also: A global model for care coordination]