Motivating Providers to Embrace Value-Based Care: 4 Keys for Healthcare Organizations

There are significant reasons to be optimistic about the impact that value-based care can have on equity, cost savings, and overall health outcomes. But the transition towards a value-based model of healthcare is challenging and labor-intensive. Not only does it involve changing workflows, procedures, and payment models–it often entails a ‘hybrid’ period where organizations start offering a value-based model while continuing to operate within the conventional fee-for-service model. The need to support both models can result in even more bureaucratic and logistical work.Another challenge organizations encounter on their value-based journey is the burden of HCC coding. Because value-based care aims to compensate providers based on their impact on patient's health rather than the quantity of medical services provided, it relies heavily on risk adjustment.