From challenge to change: Best practices for value-based care in physician practices

Value based care remains a top priority in health care, and physician practices of all types are feeling the pressure from payers to take on more risk. Despite this national trend, many physician practices have been slow to embrace these models, in part due to concerns about the ability to win in risk-based arrangements, while also performing well in fee-for-service agreements. Adopting a value-based approach to clinical, financial and administrative operations can help physician practices thrive in both worlds. This can help streamline the transition to value-based care, while ensuring better patient outcomes and greater financial stability for providers and practices.

How can a physician practice enable more value-based operations? Here are a few best practices to consider.