After the CMS announcement in January of a major push towards value based care, we can expect private payers to follow this course aggressively as well. In our recent article Value for Independents, we suggest that rather than viewing value based as threat, this model can level the playing field for independent providers of care who are willing to re-think their business.
In excerpts from the article, Sense Corp offers up a few ideas for providers that not only want to survive, but thrive in the new value based world.
#3: Use Pilots to Build Out Organizational Expertise
Depending on the geographic market, many payers are experimenting with “kinder and gentler” approaches to contracting that allow providers to ease into value based care, including minimizing downside risk. Seek out opportunities to pilot with new payer arrangements to create an organizational incentive to invest and optimize operations early. This is the time to drive physician engagement in the process, align care appropriately and craft a population health strategy. Lower risk contracts give your organization the opportunity to invest in information systems, gain experience and create accountable leadership teams at all levels.