Serving the Value-Based Care Community | |
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Medical Economics | June 18, 2024
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The US health care industry continues a predominant fee-for-service provider reimbursement model, despite trying to shift to a value-based care model for now approaching two decades. Moreover, providers continue to be consumed in a figurative avalanche of paperwork. It is a challenging system for both practitioners and patients, often delivering unpleasant experiences for both. Ultimately, the goal is to provide value-based care as we continue a tortured transition from the traditional fee-for-service model to a comprehensive method of holistic treatment that has the potential of achieving the admirable goal of improving outcomes, enhancing life expectancy, while, at the same time, reducing costs. Achieving this health care “Holy Grail” could be as simple as establishing a common set of standards that, at present, seems unattainable because of competing interests among the industry’s dominant players. | | |
At a June 13 congressional hearing, Elizabeth Fowler, Ph.D., J.D., director of the Center for Medicare and Medicaid Innovation (CMMI), was pressed to explain why so few of CMMI’s alternative payment models have produced cost savings. In a meeting of the Health Subcommittee of the the U.S. House Energy and Commerce Committee, Cathy McMorris Rodgers (R-Wash.), chair of the House Energy and Commerce Committee, began by outlining her concerns. CMMI was created to help improve how Medicare and Medicaid pay for healthcare and to be an engine in our drive towards value-based care, Rogers said. “CMMI was given a 10-year, $10 billion budget and extremely wide-ranging authorities with limited built-in congressional oversight. The only directives Congress gave CMMI were to achieve two goals: lowering the cost of delivering care and improved patient outcomes.” | | |
Amid rising concerns about health care spending and voters’ worries about health care affordability, there is growing, bipartisan interest in proposals to align Medicare payments for outpatient services across care settings, otherwise known as “site neutral” payments. The goal of this approach would be for Medicare to pay the same rate for the same service, whether it is provided in a hospital outpatient department (HOPD), ambulatory surgical center (ASC), or freestanding physician office, subject to patient safety and quality safeguards. Private payers could also achieve savings if they adopt similar payment policies. Policymakers have been focusing recently on site-neutral payment reform in response to concerns about health care costs and the rapid pace of consolidation, given that the differences in payment across settings for the same service create a financial incentive for hospitals to acquire physician practices. | | |
Healthcare call centers are embracing artificial intelligence (AI) and automation as tools for both improving the patient/plan member experience and streamlining processes to increase efficiency and reduce costs. Provider and payer organizations can greatly benefit from delivering a superior customer experience; if they can do so while cutting costs, that’s even better. But AI and automation also allow providers and payers to evolve the call center beyond the traditional “ask/answer” cost center to a value center by identifying and leveraging opportunities to increase revenue. Contact centers play critical roles in patient acquisition and retention, and they will always need to deliver a human touch in some conversations. | | |
The annual AHIP (America’s Health Insurance Plans) conference is always a cornerstone event in the healthcare industry, bringing together leaders, innovators, and policy makers. This year’s AHIP 2024 was no exception, offering a wealth of knowledge and insights. Here are the top five takeaways that will shape the future of healthcare. A major theme at AHIP 2024 was the ongoing shift from fee-for-service to value-based care models. Speakers and panels underscored the importance of focusing on patient outcomes and reducing unnecessary costs. This approach not only improves patient satisfaction but also drives better financial results for healthcare providers. Attendees were particularly interested in strategies for implementing value-based care models in a variety of healthcare settings, highlighting successful case studies and sharing best practices. | | |
Upcoming Sponsored Webinars | |
VBCExhibitHall offers FREE educational webinars for those who are working in value-based care (VBC), or would like to learn more about VBC! We encourage people to attend the live webinars so as to have the opportunity to participate in the Q&A. However, if you are unable to attend, a link to the recorded webinar is sent to all who sign up. Please register using an accurate email address so that you can receive the link to join and to the recording. | | |
How the CMS National Quality Strategy Can Guide You on Your Value-Based Care Journey, Part Two | |
CMS National Quality Strategy and the CMS Innovation Center, and the ways in which they can provide the foundation of your plan
(Part Two of Three: Using Innovation Center Models to Drive Efficient Specialty Care)
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Interoperability & TEFCA: The Road that Got Us Here, Where We Are Now, What's Next | The pivotal journey of interoperability in healthcare, exploring the significance of the Trusted Exchange Framework and Common Agreement (TEFCA), current data insights, and future directions | | | |
Surviving and Thriving Under the Persistent Movement to Value-Based Care Arrangements | July 11, 2024 | 12 PM EST | The evolution of VBP arrangements and projections for growth, outcomes under VBC programs, and the importance of data mining to identify insights that drive success | | |
How the CMS National Quality Strategy Can Guide You on Your Value-Based Care Journey, Part Three | |
CMS National Quality Strategy and the CMS Innovation Center, and the ways in which they can provide the foundation of your plan
(Part Three of Three: Maintaining Your Competitive Edge: How to Avoid Stagnation)
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Overcoming Population Health Pitfalls: 5 Proven Strategies for Value-based Care Orchestration |
Population health pitfalls and how leaders can make data-driven program decision to avoid them and manage total cost of care | | |
Check out our Webinar Archive to view past webinars on a variety of value-based care related topics! | | | |
Virtual First National Speciality Care Transformation Summit | October 8 - 11, 2024 | Virtual | | | |
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On occasion, we showcase one of our solution providers in a 4-5 minute interview and ask them what they bring to the VBC Community and what sets them apart.
Today's guest:
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BioReference Laboratories, Inc. is one of the largest full service specialty laboratory in the United States. With a focus on genetics, oncology, urology and women’s health, BioReference offers comprehensive test solutions and unparalleled expertise based on a 40 year legacy of proven science. Delivering reliable, convenient and innovative diagnostic solutions tailored to the specific needs of healthcare providers, patients and organizations, and with a vision to provide high quality, personalized diagnostics to all patients, BioReference is a trusted laboratory partner for value-based care organizations. | | | |
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Platinum Level Exhibitors
Thank you to our Platinum Level exhibitors! These organizations offer the absolute highest quality products & services to the value-based care community. To learn more & visit their interactive booths, click on the logos below:
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Gold Level Exhibitors
Thank you to our Gold Level exhibitors! To learn more & visit their interactive booths, click on the logos below:
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Find out how your organization can be featured here and receive additional benefits including a customized booth on our website, social media campaigns, hosted and marketed webinars, an interactive session with top-level VBC executives and consultants, and more! Click here! | | | | |