When switching to value-based care contracts, alignment with the providers, physicians, payers, employers, and patients must exist through a model that benefits all. Health care providers must be strategic in selecting quality measures to track that identify areas to improve efficiencies and create real value.
On this episode of Value-Based Care Insights, host Daniel J. Marino and Dr. Jon Burroughs, President and CEO of Burroughs Healthcare Consulting Network, discuss where to start on tracking quality outcomes and how to align a provider organization around value.
Key points include:
- There are preliminary steps that are required; first, the organization must create alignment across its leadership team so that everyone is excited about the direction.
- Measure selection is key. Finding the right measures will carry the greatest weight, for example, they will lead to lower expenditures and increased revenue.
- To support the strategy, the financial impact must be quantitated to understand earnings. Additionally, resources necessary to reach the goals must be considered.