Value-based purchasing (VBP), or the shift away from reimbursing healthcare providers for the volume of care that they provide to the value of care that they provide, is a patient-centric model designed to improve the efficiency and experience of the delivery of healthcare services. VBP is based on the Centers for Medicare & Medicaid Services’ (CMS) guidelines for VBP, or the Triple Aim, which looks to improve:Read More >
As the healthcare landscape continues to evolve in the United States, value-based purchasing has come to the forefront leading how hospitals approach care and factor reimbursement. Understanding value-based purchasing (VBP) is imperative to controlling costs and, moreover, creating a patient experience that impacts health outcomes as well as a provider’s bottom line.Read More >
Physician referral management is as important as any other business function of a physician practice-- and even more so--now that value-based reimbursement is in place. Under the best of circumstances, referrals should provide a steady influx of patients and a steady source of income. That’s why it’s essential to take the time to study the data related to referrals.Read More >
Value-based purchasing has given providers the herculean task of finding ways to simultaneously improve healthcare outcomes while lowering costs. For most, this will require forming networks or accountable care organizations, as a team of providers is better able to meet the difficult demands of value-based purchasing.Read More >
The cost of American healthcare has been escalating for decades, crushing the economy.
The Commonwealth Fund reports that the most recent data from the Organization for Economic Cooperation and Development shows the U.S. spent 17.1 percent of its gross domestic product (GDP) on healthcare in 2013. (That’s a crippling 20 cents on the dollar.)Read More >
You've probably seen the announcement from the US Department of Health and Human Services (HHS) regarding plans to base Medicare reimbursements on quality benchmarks. As those implementation dates approach, at least 30 percent of payments are expected to depend on value by the end of 2016, rising to 50 percent just two years later. Read More >