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No Worries About ACO APP! It’s Your Pathway To Improvement

November 16, 2022Garrett Schmitt

With the release of the 2023 Physician Fee Schedule Final Rule, CMS upheld its commitment to sunset its Web Interface for ACO quality reporting after 2024. Beginning in 2025, ACOs will be required to report through the Alternate Payment Model Performance Pathway, or APP. Some have expressed concerns about the APP. But this new reporting…

HLTH 2022: Value-based care’s potential

November 15, 2022Garrett Schmitt

Despite its challenges, value-based care has shown great promise in improving health outcomes and access to care, particularly among traditionally underserved or high-risk patient populations. That was the view of participants in the panel discission, “The Risky Business of Value-Based Care” at the 2022 HLTH conference in Las Vegas. Panel moderator Sara Pinto, a partner…

4 Benefits of Hospice Contracts in ACO REACH

November 15, 2022Garrett Schmitt

The Accountable Care Organization Realizing Equity, Access and Community Health (ACO REACH) payment model will launch on Jan. 1, 2023, and hospices that collaborate with participating ACOs could realize some unique benefits. The Center for Medicare & Medicaid Innovation announced the program in February to replace the Global and Professional Direct Contracting (GPDC) models. The…

CMS aims to improve health equity data to reduce disparities

November 15, 2022Garrett Schmitt

The Centers for Medicare and Medicaid Services is looking to improve its data in ways that contribute to a fairer healthcare system, including continuing the development of equity scores and refining the Health Equity Summary Score, as well as addressing bias in various tools and methods. The CMS Framework for Health Equity outlines this approach,…

CMS looking at quality metrics to get ACA exchange plans into value-based care

November 10, 2022Garrett Schmitt

Affordable Care Act (ACA) marketplace officials are hoping to get more plans into value-based care arrangements as regulators hope to not just build on getting people covered, according to federal officials. Officials with the Centers for Medicare & Medicaid Services (CMS) spoke Thursday at the Health Care Payment Learning and Action Network Summit on value-based…

RECORDED WEBINAR: 5 Steps To Success in Risk Based Contracts

November 10, 2022Garrett SchmittNo CommentsACOs, vbc, Webinar

 Download Slides When it comes to participating in risk-based payment models, value-based care organizations can no longer fly blind- that is, operate without trusted, robust, detailed analytics. Data and analytics are ubiquitous, and necessary in order to know the effectiveness and value of the care you are providing or contracting. In this webinar, we’ll…

Why Value-Based Business Models Are Core to 2022 Investment Activity

November 9, 2022Garrett Schmitt

The introduction of the phrase “value-based care” into the industry lexicon can be tracked back to 2010 driven by the reforms of the Affordable Care Act (ACA). The HMOs of the 1990s weren’t balanced with quality, access, consumerism, nor were they tech enabled. They indeed failed spectacularly but moving back to FFS indefinitely wasn’t the…

Top 5 Challenges in Value-Based Care (and How to Solve Them)

November 9, 2022Garrett Schmitt

Healthcare is undergoing a transformation and value-based care is taking center stage. American physicians are increasingly participating, with 54% of them reporting being in at least one accountable care organization. This figure jumped 10% from 2018 to 2020, according to the American Medical Association during their Physician Practice Benchmark Survey. Although participation is increasing, common…

Looking ahead to the next decade of accountability for care delivery

November 9, 2022Garrett Schmitt

Innovation in healthcare is accelerating. Seismic changes include adoption of virtual health modalities spurred by the COVID-19 pandemic, disruption in the payer sector by tech-based upstarts, and the expansion of care settings outside the hospital. In this environment, in October 2021 the Center for Medicare & Medicaid Innovation (CMMI) published its innovation strategy for the…

Interoperability Proves Critical as the Health Care Industry Advances Toward Value-Based Care

November 8, 2022Garrett Schmitt

With the health care industry continuing to evolve toward a value-based care model, data interoperability has become more crucial. In this interview with Integrated Healthcare Executive, Mark Braunstein, MD, professor of the practice emeritus at Georgia Tech and board of directors’ member at Rimdi, Inc, describes how substitutable medical applications and reusable technologies (SMART) on…

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