During the last decade or so, various health care stakeholders – such as the Centers for Medicare and Medicaid Services (CMS), hospitals, policy makers, payers, and physician groups – have been exploring opportunities to control costs while simultaneously delivering more effective and efficient care to consumers. These explorations have generally favored Value-Based Care (VBC) Reimbursement models as an alternative to the currently predominant fee-for-service (FFS) model. Examining our current delivery system, which we reviewed in Part I of this series, reveals a number of common themes and ultimately, the fundamental tenets that Value-Based Care initiatives are based on and the problems they aim to fix. Briefly, how does our current health care system function? We already know that it is not organized around providing value for patients. Instead it “rewards those who shift costs, bargain away or capture someone else’s..
The post Are You Ready for the Shift to Value-Based Payment Models? – Part 2 appeared first on The Galen Healthcare Solutions Blog.
