University of Florida College of Pharmacy’s Robert Navarro and Novartis’ Ashok Vegesna spotlighted the potential of a value-based health care system, and what steps could be taken to accelerate and expand the transition.
Navarro and Vegesna spoke during the Academy of Managed Care Pharmacy’s annual meeting in Boston.
One of the more encompassing dillemas in moving toward a value-based system, however, is the question of who defines value, according to an AMCP report.
Navarro says there are five steps which can facilitate value-based care:
- Provider collaborative partnerships and data sharing;
- Develop market-specific solutions;
- Invest in “holistic” practice transformation;
- Measure and integrate clinical and financial outcomes to analyze practice patterns; and
- Invest in transformative provider tools to track outcomes and provide feedback.