Hospitals and health systems engaged in value-based payment arrangements are often working to manage quality and cost for an episode of care or a bundled payment. Because it is widely known that post-acute care settings (PAC) contribute significantly to total cost of care, many providers have focused improvement efforts there. However, it is important to look beyond PAC to understand the complete patient journey and design the best pathways to deliver success. Read how to build a program that does just that.
This is the first in an eight-part series from Cardinal Consulting Group, defining Value-based Payment in 2019 terms, and outlining the necessary framework for a profitable transition to alternative payment arrangements in any market. In this installment, we provide an explanation for value-based payment’s growing role today.
With a slower-than-we-thought arrival of disruptive and radical payment reform, many provider networks built 5 or 6 years ago are no longer mission-critical. Yet they still have value, both in today’s fee-for-service environment, and in tomorrow’s alternative payment arrangements. Wren Keber shares some perspective on how best to put your provider network to work.