Serving the Value-Based Care Community
December 2, 2022
Welcome to this week's issue of VBC Newsstand brought to you by VBCExhibitHall.com
Physicians Practice | November 30, 2022
Health care in America traditionally is paid on a fee-for-service basis, with doctors billing and getting reimbursed for each service they provide. But in recent years, growing numbers of doctors and payers have been experimenting with value-based payment models, under which doctors are paid based on how well they care for patient populations while controlling costs.A 2020 survey by the Health Care Payment Learning & Action Network found that slightly more than 60% of health care payments included some form of quality and value component, up from 11% in 2012.
Chief Healthcare Executive | November 24, 2022
Amid an uncertain economy, providers, payers, and patients alike will be turning their attention to value-based care models to cut costs and improve health outcomes.
These models, where reimbursement is rewarded based on quality of care, have taken center stage once again in the healthcare discussion. During the pandemic, the industry saw a rapid move towards these pay-for-performance payment models, with one large health player quickly implementing a value-based care model in just 18 months, according to a recent analysis by McKinsey & Company. This analysis also notes that even as digital health investment has declined since 2021, private equity firms continue to place bets on innovative healthcare business models that deliver positive results, showing promise for the acceleration of value-based care adoption.
For decades, the level and growth of US health care spending has diverged from both international and domestic norms, leading many to characterize rising health expenditures as “unsustainable.” Between 1970 and 2019, total US health spending grew from 6.9 percent of gross domestic product (GDP) to 17.7 percent of GDP, according to the Centers for Medicare and Medicaid Services (CMS). In 2020, amid unique strain on the health care system and a dramatic economic downturn due to the COVID-19 pandemic, health spending accounted for nearly one-fifth (19.7 percent) of US GDP. According to prepandemic analysis, health spending was not projected to reach this level until 2028, and it remains to be seen how the pandemic will affect the long-term trajectory of health spending.
Ask a healthcare organization what its top priority is today, and many will say health equity. But when it comes to creating real change, paying lip service won’t cut it, one executive said. “It’s virtue signaling,” said SCAN Health Plan CEO Sachin Jain in a recent interview. “It’s fashionable to say you care about this. After George Floyd’s murder, how many healthcare organizations said ‘We stand with Black Lives Matter?’ They said they were going to make major changes to their strategy. They said they were going to make major donations.”
Sponsored Webinars
UPCOMING WEBINARS:

Digesting the Alphabet Soup of Medicare’s Final Rule for 2023: APP, MIPS, MVPs, and more!
  • Topic: Learning and understanding key changes for 2023, and receiving insight and guidance on how to adjust and succeed
Sponsored by: Salient Healthcare
December 6, 2022 | 1 PM EST

RECORDED WEBINARS:

Technology Trends that Put the Patient First
& Bridge the Interoperability Gap
  • Topic: Exploring the healthcare industry's focus on interoperability, technology trends that focus on bridging the gap, and the benefit of successfully deploying interoperable solutions
Sponsored by: Proficient Health

Impact of (final rule) 2023 Medicare Physician Fee Schedule on your ACO’s financial decisions
  • Topic: Quantifying the impact of MPFS on your ACO and taking a practical approach to making hard financial decisions
Sponsored by: Validate Health

Check our our Webinar Archive to view past webinars on a variety of value-based care related topics!

Upcoming Conferences
2022 Population Health Equity Virtual Summit
December 1, 2022 | Virtual

2023 Social Determinants of Health Summit
January 23-24, 2023 | San Diego, CA

Virtual Value-Based Payment Summit: Special Edition
Held in conjunction with Health Care Value Week
January 23-27, 2023 | Virtual

ViVE 2023
March 26-29, 2023 | Nashville, TN
Spotlight Feature
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Platinum Level Exhibitors
Thank you to our Platinum Level exhibitors. These organizations offer the absolute highest quality products & services to the ACO & IPA comty. To learn more & visit their interactive booths, click on the logos below:
Gold Level Exhibitors
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