Value-based care or accountable care is a type of reimbursement in which health care professionals get rewarded for the quality of care they offer to patients. It is based on the principle of pay-for-performance rather than fee-for-service (found in traditional healthcare). A value-based care model depends upon individual factors like how patients are treated and how well health care providers can improve their quality of care (such as reducing hospital readmissions, improving preventative care). The advantage of a value-based healthcare system extends to patients, providers, payers, suppliers, and the whole society.
Know anyone building innovative solutions that belong in this 'Value-Based Care'?
Health plans and providers have invested mightily in value-based care capabilities over the last decade with a particular emphasis on primary care and reducing hospital admissions. Yet, even the most successful value-based care organizations will still have hospital admission rates of anywhere from 100 to 200 admits per thousand members. With 50% of Medicare spending happening in the acute episode of care that is initiated by that admission, a holistic approach to cost and quality must look beyond primary care interventions to the other major drivers of cost and quality.
Key Learning Points:
How a comprehensive value-based care strategy that extends into the acute episode of care can complement a primary care strategy
Sound’s lessons from managing $10 billion in at-risk spending
Five operational principles that create reproducible results
Sound’s perspective on the future of value-based care
This one-of-a-kind Congress brings together stakeholders from all walks of health care including manufacturers, provider organizations (both acute and post-acute), and payers (including the government, managed care, and commercial plans) to break down silos, coordinate efforts, and bend the cost curve.
Successful transformation towards value-based health care (VBHC) involves a change to the organizational culture. This must be done inclusively, with a reward system and outcome-based incentive model …
The time is now for ASC total joints. The migration of total joint surgeries to the outpatient environment has accelerated along with the prevalence of enabling surgical technologies.
During this webinar, key opinion leaders will share their insights into building and growing a successful and efficient ASC total joint program and how to incorporate value-based surgical technologies to provide cost-effective, quality care.
The status of a patient-provider relationship can clarify for value-based organizations which patients will benefit from enhanced care engagement tactics, quantifies the quality and cost impact of an improved relationship, and places the focus on the “whole-person”, and their overall experience with the healthcare delivery system.
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