FLASH INTERVIEW — HealthEC — October 2021

October 5, 2021Garrett SchmittNo CommentsACO, ACOs, advisory services, CareConnect, clinically-proven, community health, community-based resources, Dr. Sanjay Seth, HealthEC, KLAS, Population Health, Population Health Management, value-based care, value-based healthcare, vbc

 HealthEC offers a KLAS-recognized, end-to-end population health management platform designed to help ACOs succeed with value-based care. Our HealthEC CareConnect® generates personalized, clinically-proven plans that enable teams, including community-based resources, to deliver patient-centric care. Advisory services are also available to guide our ACO partners in defining their strategic goals as they transition from volume…

Advocate Aurora’s ACO Success Is Setting Up Value-Based Healthcare

October 4, 2021Garrett SchmittNo CommentsACO, ACOs, Advocate Aurora, Medicare, Medicare Shared Savings Program, MSSP, value-based care, value-based healthcare

Accountable care organizations (ACOs) participating in the Medicare Shared Savings Program had a record performance year in 2020. The ACOs saved Medicare $4.1 billion while achieving an average quality score of 97.8 percent. One of the health systems participating in the program—Advocate Aurora Health—led the nation in savings and quality. Advocate Aurora’s affiliated ACOs generated $110 million in…

The Health Care Transformation Task Force Releases Facilitation Guide For Successful Value-Based Payment Arrangements

September 28, 2021Garrett SchmittNo CommentsHCTTF, Health Care Transformation Task Force, value-based care, value-based payment, vbc

Today, the Health Care Transformation Task Force released a new resource to assist health care payer and provider efforts to form successful Alternative Payment Model (APM) arrangements. The resource, titled BUILDING BETTER PARTNERSHIPS: A FACILITATION GUIDE FOR SUCCESSFUL VALUE BASED PAYMENT ARRANGEMENTS, combines fresh insights from Task Force members with existing tools and best practice summaries…

The State of Payer, CBO Social Determinants of Health Contracting

September 22, 2021Garrett SchmittNo Commentscommunity, community-based, community-based organizations, Medicare Advantage, SDOH, social determinants, social determinants of health, value-based, value-based care, value-based contracting, vbc

Social determinants of health contracting with community-based organizations remains a complex and challenging task for payers as the demand for answers grows more pressing. As the industry’s awareness of social determinants of health expands, so does the need for evidence-based solutions. Often, these solutions require health insurers and health systems to contract with community-based organizations…

Small Providers Unlikely to Abandon Fee-for-Service Reimbursement

September 20, 2021Garrett SchmittNo Commentsalternative payment models, APMs, fee-for-service, healthcare providers, Hospitals, value-based care, vbc

Fee-for-service reimbursement is still an integral part of the healthcare system as providers are scattered along a spectrum of payment models, Emily Sokol, director of research at Xtelligent Healthcare Media, explained on Healthcare Strategies. An Xtelligent Healthcare Media Insights report shed light on how pervasive fee-for-service reimbursement models are in today’s healthcare system. Over 200 providers responded to…

Efficiency One Key to Success in Value-Based Care Engagement

September 19, 2021Garrett SchmittNo CommentsCOVID-19, efficiency, pandemic, Physician Engagement, Population Health Management, value-based care, vbc

Speaking during a Sept. 15 eHealth Initiative panel discussion, Devdutta Sangvai, M.D., M.B.A., executive director of Duke Connected Care, said clinicians are under such stress during the pandemic that value-based care initiatives need to focus on enhancing efficiency to ease their burden. “If you can create efficiency in your value-based model, I think you’re likely…

Developing value-based virtual partnerships: What health plans should know

September 9, 2021Garrett SchmittNo CommentsCOVID-19, health plans, pandemic, Payers, SDOH, Telehealth, value-based care, vbc, virtual partnerships

If there’s a silver lining to the Covid-19 pandemic, it’s the spotlight it has put on the role of value-based, virtual health care models to address issues such as access to specialists, healthcare speed and efficiency, and healthcare inequities. Indeed, approximately 75 percent of employers in a recent survey said they plan to ramp up their implementation…

Supporting Value-Based Health Care — Aligning Financial and Legal Accountability

September 9, 2021Garrett SchmittNo CommentsACOs, financial accountability, legal accountability, value-based care, vbc

U.S. health care payment and delivery-system reforms have focused on improving care by making organizations accountable for outcomes, quality, and costs. Payers have supported the implementation of accountable care organizations (ACOs), bundled-payment models, and other value-based payment reforms because they believe that holding health care systems accountable for population-level costs and quality will be more…

How Redesigning Healthcare Supply Chains Will Drive Value-Based Care

September 9, 2021Garrett SchmittNo Commentscentralized value analysis, COVID-19, Data, outcomes, pandemic, Risk, risk sharing, stakeholder interests, Stakeholders, supplier partners, supply chains, value analysis, value-based care, vbc

The COVID-19 pandemic compressed a decade of healthcare transformation into mere months. Healthcare leaders have been challenged with rethinking every aspect of the business, from how care is delivered to planning for the workforce needs of the future. At the same time, consumers continue to be a driving force in shaping healthcare’s mission. Today’s healthcare…

The Fear of Value-Based Reimbursement

September 8, 2021Garrett SchmittNo Commentsrisk-based, value-based, value-based care, value-based reimbursement, vbc

“All in.” “Bet on the future.” “Go big or go home.” “No guts, no glory.” “Nothing ventured, nothing gained.” None of those forward-looking, motivational words of encouragement describe how most healthcare providers feel about value-based reimbursement. A better word would be “fear.” That’s my read of the latest population health survey by Numerof & Associates…

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