Break Through Value Based Payments Payment for Performance THE VBP Blog We have received very positive response to this series and we continue to see the path of Value Based Payments as a progression, a journey from knowing what you do, how you do it and how well you do it, to capitalizing on the quality of what you share in the value of what you are delivering. Our Advocate’s Perspective is at the end of this blog… Make sure to check it out! The second step in the Value Based Continuum is Payment for Performance (P4P). Payment for performance takes the fee-for-service model and nudges it towards a value-based model. This is done by having metrics set and providers achieving, advancing, or exceeding… Read More »VBP Payment for Performance
Break Through Value Based Payments Payment for Process & Alternative Payments THE VBP Blog Welcome back. Our blog rolls on as we start to dive in the Value Based Payment (VBP) Continuum. The first steps on the continuum are Payment for Process & Alternative Payments. As we monitor changes in healthcare and move closer to the integrated VBP model, this first step is crucial for organizations as they prepare for the future. Look for our Advocate’s Perspective at the close of this blog. Those of you who participated in our presentation heard us urge you to practice measurement, develop tracking and know what you do and how much it costs. This skill set is one that is foundational to the ability to demonstrate… Read More »VBP Payment for Process and Alternative Payments
Break Through Value Based Payments Payment for Value, Quality, and Outcomes THE VBP Blog Happy New Year! We hope 2019 is healthy and successful for you and yours. This is the third blog in our series. We want to continue to share the facts with you and encourage you to consider our Advocate’s Perspective…. And to share it with your colleagues. The transition from the Pay-For-Volume to the Pay-For-Value model marks a major shift in healthcare policy. This is by no means a “light switch” that can be done with small modifications. Healthcare providers will be expected to offer value over volume, quality over quantity, and outcomes versus activity. Let’s take a look at some examples of each. Value vs. Volume… Read More »VBP Payment for Value, Quality, and Outcomes
Break Through Value Based Payments Value Based Payments…What does it really mean? THE VBP Blog The adoption of value-based care is expected to account for 59% of all healthcare payments by 2020. Read that again. Now one more time. Let’s break down how we got here. We are proud to include an advocate’s perspective as part of this blog… Read On. Traditionally, payment for health services has run on a model called fee-for service (FFS). This simple model means that physicians and healthcare providers delivered in units. This has little to do with results or outcomes of those services. In 2017, the estimated cost of care for an insured family of four reached nearly $27,000 considering health insurance, payroll deductions, and out of pocket… Read More »Value Based Payments… What does it really mean?
Break Through Value Based Payments A 10-Part Series of Blogs Focusing on VBP Blog 1: An Introduction and Path Onward Value Based Payments (VBPs) are coming: are you ready? We are launching a series of blogs diving into this hot topic to help you understand what it is, why it works, and how it can work for you. We will pepper each blog with relevant facts and finish each with a specific example from one of our clients. Each blog should expand your knowledge of VBPs, as well as set you up for success within your own company. What you can expect over the course of the VBP blog series: What are VBPs? How did we get here? This blog will… Read More »Break Through Value Based Payments