The starting point for organizations pursuing value-based care models differ, but at the heart of these approaches are common factors that define success.
New revenue streams can offset financial losses experienced by providers due to lower utilization, especially within the hospital setting. One way providers can grow revenue is by offering health insurance products.
Once an organization decides to transition to the accountable care model, there is an immediate need to begin long-term financial planning. While your organization is working to drive down costs, it must also look for ways to maintain profitability.
There is a common misconception in healthcare that nearly all value-based care models are one-of-a-kind. In truth, while the starting point may be unique for many organizations, value-based models are actually conceptually quite similar.
As more healthcare organizations plan to begin their transition to accountable care, it has become clear that there are a variety of factors that influence where they are ready for these changes.