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As the healthcare industry works to move away from the fee-for-service system, three healthcare stakeholders have teamed up to release a playbook that details the best practices for value-based arrangements.
The three organizations are AHIP, the American Medical Association (AMA) and the National Association of ACOs (NAACOS). AHIP represents health insurers, while the AMA represents physicians. NAACOS is a nonprofit of more than 430 ACOs in Medicare, Medicaid and commercial insurance.
The playbook, released last week, is part of the Future of Value Initiative, which is focused on improving the patient experience, advancing population health and lowering costs. The playbook was created based on the “direct experience of physicians, value-based care entities and health plans,” according to a news release. It provides recommendations organized by seven domains: patient attribution, benchmarking, risk adjustment, quality performance impact on payment, levels of financial risk, payment timing and accuracy, and incentivizing for value-based care practice participant performance.