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Why CMS is prioritizing value-based care and how healthcare companies can support this initiative

May 20, 2022Garrett SchmittCMS

Created upon enactment of the Affordable Care Act (ACA) in 2010, the Center for Medicare & Medicaid Innovation (CMS Innovation Center) was established to design, implement and test new healthcare payment and delivery models for Medicare and Medicaid. Managed by the Centers for Medicare & Medicaid Services (CMS), the CMS Innovation Center aims to achieve…

How Health Information Exchanges Boost Value-Based Care

May 20, 2022Garrett Schmitthealth information exchanges, HIEs

Health information exchanges (HIEs) are well-situated to help healthcare organizations achieve the triple aim of value-based care—improving population health management strategies, providing better care for individuals, and reducing healthcare costs. Value-based care is a form of reimbursement that ties payments for care delivery to the quality of care provided and rewards providers for efficiency and…

FLASH INTERVIEW – Health Data Analytics Institute – 2022

May 20, 2022Garrett SchmittNo Comments

 Propelled by the vision of a healthcare system that makes better, data-informed decisions, Health Data Analytics Institute (HDAI) offers a versatile analytic platform that creates a shared understanding of quantified health risks and personalized care profiles to inform actions with the greatest potential to benefit patients. The HDAI team has extensive experience working with…

Value-based care creating a new era of interoperability

May 19, 2022Garrett SchmittInteroperability, value-based care, vbc

Interoperability in healthcare, it would seem, is at an important inflection point. Rules around data exchange have been around for years, and regulate what patient information gets shared between payers, providers and the patients themselves. There are also standards around how that information is shared, and the forms it can take. But the transition to…

ACO REACH And Advancing Equity Through Value-Based Payment, Part 2

May 19, 2022Garrett Schmitt

Value-based payment (VBP) models can be a useful tool for reducing health inequities and advancing equity goals. However, some evidence suggests that the uptake of VBP models has lagged in marginalized populations, and that in some circumstances VBP could exacerbate disparities. Consequently, many VBP models are now adopting a more intentional focus on equity. In…

Wanted: Better Script For Health System And Medical Group Transition To APMs

May 18, 2022Garrett Schmittalternative payment models, APMs

Health care has been suffering for a while—just ask any participant, including patients. You will hear about burnout, pressures to perform, changes in the market, pressures of new technology, fiefdoms, consumerism, and to top it off, the buildup of competition between traditional health care enterprises and new corporate health care businesses. Then there’s the pandemic,…

Accounting for Risk Among Dual Eligible Beneficiaries

May 17, 2022Garrett SchmittRisk, risk management

As the United States continues to move toward value-based care, a great deal of attention has been given to vulnerable patient populations. Patients with higher needs (and correspondingly higher costs) are among those who would benefit most from healthcare improvement efforts, but those costs can represent significant risk to networks that stake their revenue on…

ACO REACH And Advancing Equity Through Value-Based Payment, Part 1

May 17, 2022Garrett Schmitt

Given the wide expansion of value-based payment (VBP) models in the United States, VBP can be a useful tool for reducing health inequities and advancing equity goals. VBP models provide more flexibility to address social drivers of health (SDoH); they provide services and care coordination that are not typically covered but may be particularly important…

Medicare Shared Savings Program: Celebrating 10 Years and Looking Forward to the Future

May 17, 2022Garrett SchmittMedicare, Medicare Shared Savings Program, MSSP

April marked the 10-year anniversary of the start of the agreement period for the first Accountable Care Organizations (ACOs) in the Medicare Shared Savings Program (Shared Savings Program) – an ambitious program to reward health care providers for improving health care for people with Medicare. The program now includes 483 ACOs with over 525,000 participating…

Efficient Data Sharing Needed for Value-Based Care Transition

May 17, 2022Garrett SchmittData, Data sharing, health data

The COVID-19 pandemic changed how healthcare organizations approach care delivery, but the industry needs more efficient and transparent data sharing methods to accelerate provider transition to value-based care models. Providers and payers alike are increasingly moving away from fee-for-service and shifting toward value-based payment models, which reimburse providers based on the quality of care they…

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