Moving from volume- to value-based payment methodologies can be challenging due to the cost of implementing them and to the variety of payment structures. The type of value-based program that works for one health care organization may not be the right fit for another. How do you as a health care executive determine the right structure for your organization? What do you need to take into consideration as you look at shifting from traditional payment methodologies to value-based care?
For this Discussion, review the resources for this week and reflect on the challenges health care executives might face when transitioning the payment methodology in a health care organization to a value-based model. Consider how the move to a value-based model might impact health care delivery for the health care organization.
Post an explanation of how you, as a current or future health care executive, would choose a value-based methodology for the health care organization that you currently work in or one with which you are familiar. Describe the organization’s current payment methodology, and explain your rationale for choosing to move to your chosen model. Be specific and provide examples.
- Gehardt, W., Korenda, L., Morris M., & Vadnerkar, G. (2015). The road to value-based care: Your mileage may vary. Westlake, TX: Deloitte University Press.
- Hundange, V., Riner, N., Aagard, M., & Riner, R. (2016). Adopting new cardiovascular models to achieve value based care Links to an external site.. Physician Leadership Journal, 3(2), 34-42.
- Miller, H. D. (2009). From volume to value: Better ways to pay for health care Links to an external site.. Health Affairs, 28(5), 1418-28.
- VanLare, J. M., & Conway, P. H. (2012). Value-based purchasing — national programs to move from volume to value Links to an external site.. The New England Journal of Medicine,367(4), 292-5.