Posts Tagged "value-based payments"

Provider Calculus: How to Set Up a Staff Payment Model Under a VBP

Editor’s note: Jeremy Hastings, Beacon’s Vice President of Corporate Strategy, wrote a blog piece posted on Tuesday, Oct. 27, about how the future’s unknowns present challenges in building and implementing value-based payments (VBPs). His post this week follows up to describe in detail the inherent difficulties in setting up a single provider in a VBP. However, in spite of the hard work required to establish VBPs, it is not only possible, but also critical, to do. Value-based payments (VBPs) are one of the next frontiers for innovation in health care. In behavioral health, the innovation is coming, but inertia is a powerful force that needs to be overcome. Some of this inertia is entirely appropriate, as changing a decades-long reimbursement…

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Value-Based Payments: Easy to Envision, Difficult to Realize

Television and film provide a surprising glimpse into the past and future. Consider the much-loved Back to the Future, where Marty McFly travels to October 2015 from his cozy 1985 confines. In an unscientific way, I spent some time looking at the first few scenes in the movie’s fictitious 2015 to compare them with how life actually turned out. VBPs are payer-provider contracts structured to provide payment and/or incentives for better outcomes. Today, 95 percent or more of our provider contracts are in pay for volume fee-for-service structures (not VBPs). Our crystal ball writers would probably score 25-30 percent on future predictability, with the huge misses being flying cars; hoverboards (this one is close as there are self-propelled skateboards, they…

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