Complimentary from the publisher

Complimentary from the publishers of VBP News November 2019

The Importance of Culture to VBP Success
By Andrew Moore, Cardinal Consulting Group
Is your organization ready to shift from volume to value – culturally? A change in mindset from leadership down to front-line staff aligns the workforce to VBP goals. Regardless of size, actively shifting organizational culture takes commitment of time and resources. Read more about the importance of culture to a successful value-focused environment.

"More and more health systems are engaging with payers in value-based care contracts, and those health systems have realized it's a big challenge to hit those quality targets and coordinate all of those different types of services, and execute on those services."

- Michael Cousins, Chief Analytics Officer, Lumeris.

According to a new report from the Health Care Payment Learning & Action Network (HCP-LAN), about 25.1% of healthcare payments in 2018 were fee-for-service tied to value and quality; 35.8% were tied to a bundled payment model, shared savings contract, population-based payment model, or other alternative payment models; and just 39.1% were through a fee-for-service structure with no link to quality or value.

Source: RevCycle Intelligence, October 24, 2019.

How cutting off subsidy payments to insurance companies would affect Obamacare

Why Accurate Financial Data is Critical for Successful Value Transformation

Approximately 50 percent of CMS payments are now tied to a value component. In this webinar, Steve Vance, senior vice president and executive advisor at Health Catalyst, explores why accurate financial data, coupled with specific tools and strategies, is critical for successful transformation.

Check out HealthshareTV, the home for health care videos

	Valerie Phillips: Five steps to help medtech succeed in a value-based care context 1. Know your markets. 2. Understand your potential customers. 3. Articulate the value you can offer and test its attractiveness to customers. 4. Consider the most effective commercial model. 5. Work out the skills you need, those you have and those you must acquire. Source: PA Consulting

Transition to Value Won't Happen Without Data
Industry News: BCBS of North Carolina; Collaborative Health Systems; The Garage
Journal Perspectives: Genome Diagnostics: Novel Strategies for Measuring Value
Journal Perspectives: A Strategy to Support Efficient Development and Use of Innovations in Personalized Medicine and Precision Medicine.
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