From Volume to Healthcare Value: A three-part checklist
How should Medicare providers and ACOs prepare for the shift from fee-for-service to value-based pay?
Under a new proposal from the U.S. Department of Health and Human Services (HHS), the shift away from fee-for-service to value-based pay in the public healthcare realm is at last becoming real. According to an HHS press release issued January 26, 2015, “HHS has set a goal of tying 30 percent of traditional, or fee-for-service, Medicare payments to quality or value through alternative payment models, such as Accountable Care Organizations (ACOs) or bundled payment arrangements by the end of 2016, and tying 50 percent of payments to these models by the end of 2018.”
This long anticipated shift from volume to value has massive implications for Medicare providers and ACOs who have the potential to send healthcare value through the roof by simultaneously improving health outcomes and reducing spending to the benefit of stakeholders throughout the continuum of care.
Last month, Curant COO Marc O’Connor highlighted three steps the entire continuum, including Medicare and ACOs, can take right now to effectively manage this seismic shift in MedCity News.
If you are a Medicare provider or ACO and are serious about improving outcomes, improving lives and reducing wasteful spending due to medication non-adherence, a $105 billion opportunity, we want to hear from you.
Give us a call today at 855-888-7510Tags: fee-for-service, Healthcare value, value based care