FREE WEBINAR: Using Value-Based Management to Transform American Healthcare

The transformation of American healthcare from fee-for-service (FFS) to value-based reimbursement is well underway. In a value-based system, providers are paid based on patient health outcomes, where “value” is a measurement of health outcomes against the cost of delivering the outcomes. Value measurements are designed to include patient satisfaction, quality outcome indicators, and cost. In this changing landscape, value-based procedural care requires close collaboration among a number of previously disparate groups (e.g., surgeons, anesthesia, nursing staff, administration). Consequently, traditional FFS reimbursement models have created a number of barriers to smoothly transitioning to fee-for-value care, especially in US hospitals. In our presentation we will review key elements required for providing patient-centric, value-based procedural care and explore how to overcome long-standing barriers to making the shift to value-based healthcare, complete with examples of successful value-based initiatives that illustrate the elements of quality measures and successful cross-team collaboration.