5 policy principles vital to driving forward the value-based care movement

In a recent blog post, Blair Childs, Senior Vice President, Public Affairs for Premier, Inc discusses 5 key policy principles that need to be addressed to ensure that the movement toward value-based care continues and that models are fixed to attract additional providers. 

According to Childes, these 5 key principles include: 

1. Re-engage

As a core principle, we must empower and engage patients to make healthcare decisions with information and support from their healthcare team.

2. Re-evaluate

There are hundreds of different measures included in overlapping value-based care models. As we move forward, we need a common set of measures used across all public and private programs, and they need to assess performance in a way that is meaningful and actionable by consumers.

3. Retool

While provider access to beneficiary data is improving, we should revisit this issue to ensure that information is more complete, timely and accurate to better facilitate care management and proactive provider interventions.

4. Reinvest

More models are being developed all the time, but we need a concerted effort in evidence-based testing of new alternative payment models so that providers, payers and patients can learn how they work in the real-world and how they should evolve in future clinical settings. It's also imperative to test the incentive structure so that we know what works and what doesn't in terms of the ROI, and how those incentives affect patient care.

5. Rebalance

Participants in alternative payment do have the ability to qualify for legal waivers that can stand in the way of collaboration and shared accountability, but while programs are being retooled, Congress should take a look at expanding these to all ACOs, not just those participating in Medicare programs. We should also allow additional waivers for participants to offer beneficiary engagement tools such as co-pay waivers or transportation vouchers.

To read more about these principles, please click here >> 

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