The State of Value-Based Care Readiness
Are you ready for what’s coming next?
The pandemic was just one storm among many transforming healthcare.
Value-based care ensures resilience in a rapidly changing industry.
Yet new research reveals that most health networks are not prepared for risk-based contracting.
of executive leaders expect value-based contracts to grow in the coming years,
however, nearly ¾ have just 25% or less of their revenue tied to value-based contracts.
Value-based care is the future.
So, make no mistake if your business model is focused merely on increasing volume rather than improving health outcomes, coordinating care and cutting waste you will not succeed under the new paradigm.
Optimize your network for value.
Competitors and disruptors are moving quickly. Consumers are demanding more. Now is the time to prepare your health system for value-based care – and gain stability, resilience, and growth, no matter what comes next.
67% lack timely, accurate data to
track network performance
54% have spent more than $1M on
improving network performance
100% agree that improving network performance is important yet the majority are still struggling to articulate and execute a holistic network strategy
We are still evolving when it comes to building a cohesive strategy for influence network performance. We’ve been trying to build better tools to help us monitor the network, but it is difficult given the fact that we have practices and hospitals that aren’t on the same EHR system. Without having a common platform, it is extremely challenging.
When networks are optimized, everyone wins.
Start priming your network for value today.
To survive — and thrive — as healthcare evolves for a new era, leaders must share a single focus on network performance to increase value-based revenues. Risk-based contracts work with these five principles in place.
Align around common incentives and shared goals
Establish flexible approaches and partnerships to navigate rapid changes
Integrate best practices, governance and communication frameworks, and fit-for-purpose technology
Strengthen network performance alignment to value through collaboration among CIOs, CMOs, CFOs, COOs, and CEOs
The Results
Patients Benefit
Patients get greater access to quality care services in the context of their lives
Financial Benefits
Healthcare organizations reap the financial benefits of positive performance
Achieve Resilience and Grow
Your organization achieves resilience and grows – no matter what comes next
