Leaders from the American College of Surgeons (ACS) and Harvard Business School's (HBS) Institute for Strategy and Competitiveness are teaming up on a new partnership aimed at improving healthcare value. As part of the partnership, the two organizations will develop a value measurement tool to help hospitals and surgical practices improve patient outcomes while lowering the cost of delivering care.Need for Value Measurement Tools for HospitalsDuring the announcement on Capitol Hill on Thursday,
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Value-Based Payment Models
J.D. Power to Publish First-Ever Telehealth Satisfaction Study Focused on 3 Categories
J.D. Power, a global leader in consumer insights, advisory services, and data and analytics announced its plan to launch its first-ever Telehealth Satisfaction Study in November 2019.Why Telehealth Satisfaction?As new value-based payment models continue to re-define the consumer healthcare experience, the use of telehealth as a lower-cost form of medical consultation has skyrocketed in popularity. Among the commercially insured, telehealth visits increased 261% between 2015 and 20171 and the
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Survey: Executives Predict Accelerated Shift to Value-based Payments in 2019
According to a recent Lumeris-sponsored survey, forty-six percent of healthcare executives believe their organization’s pace of change toward value-based payment is moving quickly or very quickly, up 14 points from Q2 2018. Additionally, sixty-two percent of health systems indicated that they plan to assume additional risk in the next 12 months. Of these, ACOs (46%), Medicare Advantage (31%), and bundled payments (23%) were common methods for increased risk assumption. The Lumeris-sponsored
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Survey: Health Plans Are Struggling with Value-Based Reimbursement
Health plans are struggling with value-based reimbursement (VBR) due to internal and external barriers are hampering payers’ adoption of value-based programs, according to a new survey by HealthEdge and Survata. The survey reveals that for payers to have a significant chance at success with VBR programs, they must have modern and flexible technology systems that can easily collect and share data, quickly test and model new programs, and are designed to build more trust among providers of all
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Virta Health Puts 100% of Fees at Risk with New Value-based Care Model
Virta Health unveils new value-based care model that makes every dollar performance-based, with the majority tied to health outcomes for diabetes reversal. Virta Health, a San Francisco, CA-based provider of a clinically-proven treatment to safely and sustainably reverse type 2 diabetes without the use of medications or surgery, today announced a unique value-based care model that puts 100% of its fees at risk. The new model ensures that every dollar is tied performance-based benchmarks to
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Innovaccer Launches ACO Compare to Analyze ACO Performance Trends
Accountable care organizations are playing a pivotal role in the value-based ecosystem. Since their formation in 2012, MSSP ACOs have saved over $2 billion for millions of assigned beneficiaries. More importantly, the quality of care has improved drastically as a direct result of the collaborative efforts by ACOs. The average quality scores of 2016 are higher than ever, attesting that ACOs are instrumental in advancing value-based care.However, the overall results, as observed on ACO Compare, do
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Accenture Partners with Loopback for New Value Based Care Models
Accenture has teamed with Loopback Analytics, a leader in population health analytics, to support health systems aiming to participate in new value-based care models, such as the new Bundled Payments for Care Improvement (BPCI) Advanced program.Partnership DetailsThe initiative combines the depth of Accenture’s data-driven consulting services with insights from Loopback’s EpisodeInsights platform, enabling providers to evaluate the economic impact of bundled payment participation across 32
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4 Barriers to Implementing Value-based Payment Models
Majority of family physicians indicate their practices participate in value-based payment models and believe value-based payment models will encourage greater collaboration between primary care physicians and specialists, according to a new study. The 2017 Value-based Payment Study was sent to 5,000 active members of the AAFP. A total of 482 surveys were returned, and 386 were evaluated after a screening process. The study found that more and more family physicians are embracing value-based
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Study: More Than 40 States Have Invested In Value-Based Payment Models
A recent national study of state government programs finds more than 40 states strategically invested in value-based payment models, 23 with targets or mandates, and just 7 states trailing the trend. The study commissioned by Change Healthcare reveals 23 states have value-based targets or mandates that payers and providers agreed to achieve, 17 have or are considering adoption of ACOs or ACO-like entities, and 12 have or are considering episodes of care programs. Just 7 states have little to no
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First Choice Health, MultiCare Health Inks New Accountable Care Deal
First Choice Health, a Seattle-based, physician and hospital owned company and MultiCare Health System and its Accountable Care Organization MultiCare Connected Care (MCC), have announced a new ACO contract. The new contract creates access to MCC’s clinically integrated network for First Choice clients. MCC’s network includes five hospitals, 13 urgent care clinics, 11 Redi-Clinics in Rite Aid stores, plus:- More than 450 primary care providers- More than 1,200 specialists- More than 260 clinic
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