Determining the Speed of Transformation to Value-Based Payment Last Updated: November 7, 2017
Filed under:
Print Friendly, PDF & Email

Modern Healthcare: Joe Damore & Bryan Smith: As the healthcare industry continues its movement from a volume-based model (fee-for-service) to value-based payment, hospitals and health systems face major challenges and opportunities in transforming their clinical, financial and operational models to align with new value-based payment policies while still living in a volume-based environment. Many providers that have implemented alternative payment models are making significant investments and progress, and beginning to experience cost savings from improved quality and population health, operational efficiencies, and changes in utilization patterns. However, with these successes come additional challenges, such as decreases in volume in the emergency department, hospital admissions, and length of stay and admissions at skilled nursing facilities due to better management of the chronically ill and high-risk populations.

Full Story