How Providers Can Reshape Their Operations to Master Value-Based Reimbursements
The healthcare industry’s transition to value-based payments has been slow but steady; inevitably, this new compensation approach will supplant existing fee-for-service models.
Adopting value-based payments is challenging for providers because their clinical and financial systems, processes, and quality metrics were built to support the industry’s traditional fee-for-service model.
Providers must start investing in value-based care capabilities to remain relevant as industry disruption continues. Simultaneously, they must continue optimizing revenue cycle management, enhancing the quality of care, and enabling greater patient accountability for success as the industry mixes fee-for-service and value-based care.
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