Value-based care is already proven to work, so the question now is how to best implement it. One possibility would be creating risk-based contracts through health systems and hospitals. Another would be through 3rd party companies creating a network of independent practices able to coordinate population-wide value-based care.
Mass General Brigham serves as an example of a health system implementing value-based care through Medicare, Medicaid and commercial market contracts. “We’re in all three – we do risk-based contracts for all of our patients served by our primary care doctors,” said Timothy Ferris, CEO of the Massachusetts General Physicians Organization during the HLTH 2020 virtual conference on Monday.
On the flip side are companies that have created a value-based care network for independent practices across the nation such as Aledade. “Independent physician practices lack scale; they lack data; they lack technical capabilities. They lack the coaching and all of the structures that these health systems do have,” said Farzad Mostashari, the cofounder and CEO Aledade, in the HLTH session. “But I can give them that.”
Which is better? That’s a matter of interpretation. Read more here.
(Source: Mallory Hackett, Healthcare Finance, 10/13/20)