Recently, health plans have reported that moving from fee-for-service models to value-based reimbursement models does indeed work; one plan reduced medical costs by 18.9% for seniors enrolled in its Medicare Advantage plans. However, payers attempting to launch or scale value-based payment programs still face many challenges—including how to ensure adoption.
Payers need robust analytics to drive payment innovation and improve collaboration with providers. Read our e-book, Next-Generation Value-Based Payment Strategies, for a detailed look at how to increase provider trust, ensure alignment on standardized performance measurement, and improve the quality of care.
Learn the importance of engaging specialists in care coordination, and understand how robust analytics allow payers to find and reconcile episodes of care to calculate shared risk or shared savings amounts. Analytics can facilitate the implementation and maintenance of bundled payment programs, provide transparency to providers on performance, and expand the use of episode bundles to more types of care.