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Better relationships between payers and providers will be key to developing successful value-based initiatives that benefit patients while addressing the concerns of both stakeholders, according to panelists at the Community Oncology Alliance (COA) Payer Exchange Summit.
The panel discussion highlighted the ongoing challenges and opportunities for payers and providers to collaborate on innovative, data-driven value-based care models that address systemic issues, improve patient outcomes, and build sustainable partnerships.
The sentiment aligns with a 2019 survey by SPH Analytics. The survey included over 80 providers and health plans, and revealed that 94% of respondents believe collaboration between payers and providers is crucial for success.2 Many care partners shared specific strategies for improving their relationships to achieve value-based goals, such as delivering high-quality care, positive patient outcomes, and measurable cost savings. Furthermore, 72% of participants indicated they have already taken significant steps to enhance collaboration with other stakeholders in the care continuum.