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Why health care providers and facilities need to transition to value-based care

March 11, 2024Garrett Schmitt

Over the past decade, the health care industry has shifted to value-based care, albeit on an incremental basis. These efforts deserve praise and are the result of intentional, hard work. Based on observations from the consulting team at FORVIS, we found that this shift is variable in maturity across key value-based areas. That is, organizations…

The Aftermath of the Change Healthcare Cyberattack: A Call to Action for Health Plans

March 8, 2024Garrett Schmitt

The recent cyberattack on Change Healthcare affected clinical-decision support, eligibility verifications, chart abstractions, and pharmacy operations, and has highlighted vulnerabilities within the industry’s digital infrastructure. In light of these disruptions, plans need to explore the broader implications, particularly concerning Part D, CAHPS, Star Ratings, and the overall operational and financial health of provider networks. Impact…

Nursing Burnout and Costs: Reflecting on Common Drivers of Hospital Financial Woes

March 8, 2024Garrett Schmitt

Background A quick search online will show that most individuals go into the field of nursing for similar reasons; the National Institutes of Health (NIH) sums it up nicely, citing nurses have “…a desire to serve others…a personal calling…and a desire to work in the [healthcare] field with the sick, in a noble and caring…

Whistleblower accuses Aledade, largest US independent primary care network, of Medicare fraud

March 6, 2024Garrett Schmitt

A Maryland firm that oversees the nation’s largest independent network of primary care medical practices is facing a whistleblower lawsuit alleging it cheated Medicare out of millions of dollars using billing software “rigged” to make patients appear sicker than they were. The civil suit alleges that Aledade Inc.’s billing apps and other software and guidance…

Tackling medical AI bias will improve health equity for all

March 6, 2024Garrett Schmitt

Systemic racial biases persistently shape the health care experiences of Black, Latinx and Indigenous populations. These biases are especially pronounced for women of color, influencing everything from diagnosis and family planning to treatment recommendations. In fact, Centers for Disease Control and Prevention data show that Black women are two to three times more likely to…

Key Value-Based Care Developments to Watch in 2024

March 4, 2024Garrett Schmitt

The goal of value-based care (VBC) is to promote better care for individual patients and improved health outcomes for communities at reduced costs. In 2023, VBC grew and evolved as healthcare providers, payers and policymakers sought to improve patient results while containing costs. Expect to see more of the same investments and trends in VBC…

3 Ways Your ACO Can Convert APP Reporting Data Into Higher Savings

March 4, 2024Garrett Schmitt

Controlling costs is a key Value-Based Care goal, a fact well-known to ACOs that share savings with CMS. Even as individual ACOs have generated tens of millions of dollars in savings, however, MSSP ACOs as a whole have only been able to reduce their Total Cost of Care (TCOC) by a fraction. That is a…

The value of change: Challenges and strategies transitioning to value-based care | Viewpoint

March 3, 2024Garrett Schmitt

In the supermarket, we look for fish that’s sustainably raised. We’re swayed by sustainable practices from hotels and retailers. So why wouldn’t the same standard apply to the most important service industry in the world, healthcare? The fact is that the traditional fee-for-service model, charging patients and plans for every blood draw, X-ray, and surgery,…

Enabling Better Integration For Dually Eligible Participants In Medicare Value-Based Care Models

March 1, 2024Garrett Schmitt

Since the implementation of the Affordable Care Act, a major shift has been underway in how individuals in traditional Medicare receive their services. The Centers for Medicare and Medicaid Services (CMS) has been systematically developing programs that focus on providing value-based care (VBC) to these enrollees. These programs include the Medicare Shared Savings Program (MSSP);…

RECORDED WEBINAR: An HCC V28 State of the Union: The Key to Excelling at VBC in 2024

February 29, 2024Garrett SchmittNo CommentsACOs, vbc, Webinar

 Download Slides If you want your VBC organization to thrive in 2024, you need to educate yourself and your providers on the CMS-HCC V28 changes. Join us for a webinar where Credo Founder and CEO Carm Huntress will help you do just that! Carm will share his top takeaways from the first month of…

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