What makes for successful implementation of value-based programs?
It starts with technology that provides support for onboarding, data capture, digitization, and information exchange. But the transition from volume-based, transactional billing to a model that incorporates financial risk tied to the patient’s health outcome is not a simple matter of plug-and-play technology. The tech needs to be able to support specific concepts like social determinants of health, value-based payments, quality reporting, and more.
“With value-based care (VBC), what’s old is new again,” says Lynn Carroll, chief operating officer for HSBlox. “When you think back to the 1990s, there was a discussion about global types of reimbursement programs, which started as case rates on inpatient services. It started to move to a percentage of the premium, global cap arrangements. There were a lot of challenges.”
Read the full article here: https://www.psqh.com/analysis/value-based-care-what-makes-a-successful-transition/