A Decade of Value-Based Payment: Lessons Learned And Implications For The Center For Medicare And Medicaid Innovation, Part 1

June 9, 2021Garrett SchmittNo CommentsACOs, APMs, CMS, Cost Reduction, COVID-19, Fee for service, health spending, organization of care, payment, payment models, value-based payment, value-based purchasing, vbc

Over the past decade, adoption of value-based payment (VBP) models has increased substantially. The Center for Medicare and Medicaid Innovation’s has launched multiple new models since its authorization, commercial payers have structured almost one-third of their payments as alternative payment models (APMs), and state Medicaid programs have increasingly included payment reforms in their waivers and…

Why should payers and employers care about community care networks?

June 9, 2021Garrett SchmittNo CommentsCBOs, CCNs, community care networks, DEI, holistic, Payers, precision health, Precision Medicine, SDOH, value-based benefits administration, VBBA, vbc

There’s a growing awareness among employers, community advocates, and the public health sector that issues of diversity, equity, and inclusion (DEI) must be addressed in the healthcare ecosystem if we are to implement genuine value-based care (VBC). Unlike traditional fee-for-service healthcare, VBC emphasizes keeping people well over “sick care.” As a holistic approach to healthcare,…

Building a Value-Based Care Infrastructure in Europe: The Health Outcomes Observatory

June 9, 2021Garrett SchmittNo CommentsEurope, European Union, Health Outcomes Observatory, Innovative Medicines Iniative, value-based care, vbc

Sustainable health care systems should be focused on outcomes instead of reimbursing for the services provided. Critical levers for accelerating this are patient engagement and a more comprehensive, standardized collection of patient outcomes. Also, more expertise is required on how these data can best be incorporated into the care process. The Innovative Medicines Initiative project,…

The Crucial Role of SDOH Data in Value-Based Care

June 8, 2021Garrett SchmittNo CommentsData, SDOH, value-based care, vbc

Roughly $4 trillion is spent on healthcare annually in the U.S.  Despite this massive expenditure, roughly 80% of health outcomes are attributed to social, behavioral and environmental factors, known as social determinants of health (SDOH). What has been far less clear is how providers and payers can fully harness SDOH data to proactively manage the…

Managing the Financials of Population Health: Challenges and Solutions

June 7, 2021Garrett SchmittNo CommentsPopulation Health, value-based care, value-based payment, vbc

Providing timely, high quality, patient care is no easy feat. In fact, as the healthcare industry continues the shift toward value based care, this job becomes more complex, with growing requirements to monitor the outcomes of both individual patients and the greater patient population into which they fall. The movement away from fee-for-service, however, doesn’t have to…

As CMS Delays CHART, Rural Providers Need to Take Value-Based Care into Their Own Hands

June 2, 2021Garrett SchmittNo CommentsCHART, CMS, MSSP, rural providers, value-based care, vbc

The answer to solving a healthcare crisis that exacerbates barriers to care among some of the most vulnerable patient populations in the country is staring us in the face. For rural hospitals straining under the weight of erratic patient volumes, sicker populations and lack of funding, the path forward is in value-based care. But providers…

How value-based care can support the growing mental and behavioral health need

May 20, 2021Garrett SchmittNo CommentsBehavioral Health, COVID-19, mental health, SDOH, Telehealth, vbc

Health plans in the United States are increasingly shifting away from traditional fee-for-service (FFS) reimbursement toward value-based care (VBC) models, which incent the quality of care as opposed to quantity. Although the promise of high-quality, cost-effective care is alluring, the adoption of and engagement in these programs has proven challenging for both plans and providers…

Healthcare Payment Reform is Critical to Improving Primary Care

May 18, 2021Garrett SchmittNo CommentsPayers, payment reform, PCPs, Primary Care, value-based care, value-based payment, value-based reimbursement, vbc

High-quality primary care implementation requires significant healthcare payment reform, expanded telehealth capabilities, and team-based care, according to a recent report from the National Academies of Sciences, Engineering, and Medicine.   According to the report, 85 deaths per day are associated with the declining workforce in primary care. Compensation in primary care is typically lower than that of specialty…

The Move to Value-Based Care Takes a Pandemic Pause

May 17, 2021Garrett SchmittNo CommentsCMMI, CMS, COVID-19, vbc

The move to value-based care—where payment for volume of services is being supplanted by payment for outcomes of care—has proceeded with remarkable speed since the Affordable Care Act (ACA) went into law a mere ten years ago. Payment for outcomes increasingly focuses on holding providers of healthcare responsible for total costs of care. Accountable Care…

Why Healthcare Data Won’t Magically Create Value-Based Care

May 13, 2021Garrett SchmittNo CommentsData, healthcare change, vbc

The conversation about transitioning the American healthcare system from fee for service (FFS) to value-based care (aka, pay for performance) has been going on for more than 15 years. Still, it felt like time travel to come across a Health Affairs book review from 2006 by the late Princeton Professor Uwe Reinhardt that could have been written…

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