As healthcare providers reflect on lessons learned from their value-based care strategy for 2020 and plan for 2021, there are an array of considerations that can and should come top of mind.
Based on our work with leading healthcare provider organizations like AdventHealth, WellBe Senior Medical, and Monogram Health, we understand the complexities of transitioning from fee-for-service to value-based care (VBC). We also know that this journey is unique to every organization, so there is no cookie-cutter guidance that any vendor or consultant can provide when it comes to your organization’s VBC strategy and infrastructure.
There are, however, a series of challenges that we have consistently run into that should be top of mind for provider organizations looking to take on additional risk. This month, we will look to explore these challenges in an in-depth blog series that aims to offer guidance and best practices that you can tailor for where your organization stands in the value-based care journey.
In this January value-based care blog series, we’ll explore:
- Part I: Why less data can actually be more valuable when it comes to streamlining your organizations’ transition to value-based care. Many organizations think that the more data they can gather and assess, the better. We’ll explore why and how provider organizations need to analyze current data sets and present the “right data at the right time” in the clinical workflow to drive incremental performance and provider adoption in VBC contracts.
- Part II: How to drive physician behavioral changes that will support your value-based care strategy. Leadership teams within provider organizations often underestimate the difficulty of getting physicians to adopt new behaviors that align with their VBC strategy. In the second of our blog series, we’ll offer an overview of the mission-critical steps needed to properly integrate physicians in your VBC strategy.
- Part III: Where technology investments can help the most in the transition to value-based care and where they can actually do more harm than good. Throwing even more technology at your value-based care challenges can actually set your organization back. In the third and final in our VBC blog series, we’ll look at the key considerations you should weigh as you look to invest in point-of-care technology, challenges with solely focusing on retrospective workflows, and steps to improve physician engagement.
The journey to value-based care is an arduous venture. Stay tuned for our first blog post in this series where we will dive deeper into providers’ data dilemma when it comes to their value-based care strategy
In addition to these core questions and considerations listed above, provider organizations would be well-served to ask themselves the following questions as they iterate on their VBC strategy and infrastructure: Do you have the right team and electronic health records in place, and are you financially prepared with a business model to fund a VBC transition that will take 18 months to two years? If you answer yes to all these questions, you are on a path to success with value-based care. If you answered no, we can help provide you with the insights, advisory services, point-of-care technology, and resources (coding and CDI) that will make addressing these challenges and taking on more risk less daunting.