Employers Embracing Value-Based Care! Read More..
October 7, 2016 | Category: Blog
According to a recent article in Modern Healthcare, more and more employers are beginning to understand and support the notion of “value-based” health care by pursuing one or more of three key strategies: Value-based reimbursements. Rather than relying on traditional fee-for-service payments, more employers want to use new payment models such as bundled payments.
- Centers of excellence. WillisTowers Watson reports that 45% of employers are promoting health care providers that have high quality ratings.
- Differential benefit design. According to the article, today only about 11% of employers use insurance design to steer employees to the highest quality providers but that nearly 50% expect to do so by 2018.At CBGH, we think these three strategies all go together synergistically. By negotiating bundled payments with the highest quality providers and then using value-based insurance design to provide incentives to use those facilities, employers can implement meaningful value-based purchasing strategies that will address some of the key drivers of health care costs.
Purchasers wishing to discuss how they can buy more health and not more health care can call either Donna Marshall or Bob Smith at 303.922-0939.