11/06/2024
Value-Based Care Advances Despite Financial, Data, and Engagement Challenges
At the recent NAACOS conference, healthcare leaders explored the ongoing shift to value-based care, which emphasizes patient outcomes and cost reduction. Leaders like Dr. Geoffrey Nicholson and Dr. Jamie Reedy noted that while this approach improves care quality, challenges remain in data integration, financial sustainability, and specialist engagement. Although private insurers have made strides with value-based agreements, aligning these models with specialty care remains complex. The COVID-19 pandemic highlighted the need for flexible payment structures, as many health systems rely on commercial payers to support government-funded programs. Moving forward, better data integration, patient education, and collaborative partnerships are essential for making value-based care successful and sustainable.
Comments from our CEO James (Jim) Rodriguez, FACHE:
“Having been through the advent of HMOs and the wars they created decades ago I know the hurtles that confront any change initiative, especially in healthcare delivery. However, value-based care is not unlike what has been done in the recent and not-so-recent past. But switching the risk from payor to provider has been especially prickly for some. The old adage thrown at payors of withholding care to save on cost will begin being used in the delivery field and many providers know that and dread that possibility. None, I’m sure would ever even consider that, but the dollar has a mesmerizing pull that even the most stalwart may fall victim to. Given these temptations there must be a way to share the risk so not one party (payor or provider) are left holding the proverbial bag. Sharing risk among the best and brightest minds will be fertile ground for gains in health and finances.”
Read the full article by Hayden E. Klein by clicking the link below.
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