While the ACA encouraged the transition toward value-based care, the value movement in healthcare is non-partisan, according to a URAC blog report.
Here are five key notes from the report:
1. Although there is a different administration in Washington and the Republican Congress focused making changes to healthcare, members on both sides of the aisle support value-based care. “Changes will likely be around the margins and underneath will be continued pursuit of care that’s delivered at lower cost at equal or better quality,” said Don Crane, president and CEO of an association representing physician organizations participating in capitated, coordinated care.
2. Hospitals and physicians are moving from fragmented to coordinated care, and that trend is likely to continue.
3. Cost transparency and consumer choice helps define value. “When you come down to actually providing healthcare and the choices the consumer makes and the demands with the system, there’s a cost to it,” said Michael Hunt, MD, CMO/CMIO of St. Vincent’s health Partners in Bridgeport, Conn. “We’ve not really had a very good national conversation on the value of healthcare and what it costs to deliver it.
4. The Medicare Advantage Value-Based Insurance Design Model piloted in several states has reduced costs for enrollees participating in disease management and medication adherence.
5. The movement toward value-based care opens the door for other healthcare provider models, including clinical integration and telehealth.