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Value-based behavioral health involves measuring an organization’s impact on a patient’s health.
How impact is defined and translated into value varies depending on several factors. At the broadest level, the various levels of care acuity require different approaches. They may also have advantages and disadvantages when it comes to value-based care in the first place. A lot of it comes down to attribution.
“Attribution is easy to do when you’re attributing to a particular high-cost episode — an ER visit, an inpatient visit,” Hui Cheng, vice president at the venture capital firm Town Hall Ventures, said during a panel discussion at Behavioral Health Business event VALUE. “You can then say, because I have avoided this particular high cost episode, I’ve saved you X amount, and I want to be rewarded for that.”