In a recent Hayes Management Consulting blog, Don Michaels Ph.D. explains why value-based care is working amidst the angst.
"It's not the strongest of the healthcare organizations that survive, nor the most intelligent, but the ones most responsive to change."
–With apologies to Charles Darwin
People – and organizations – tend to fear and therefore avoid change. That often applies to healthcare organizations facing the new reality of value-based care reimbursement models. As a result, many are holding back trying to maintain the status quo against the rising tide of inevitable change.
On the other hand, some organizations have embraced and committed fully to the change. They have implemented various versions of value-based care programs, been patient and as a result, are starting to reap rewards. They are proving the truth of Darwin's "repurposed" statement above, and have the best chance to survive – and thrive – because they have been the most responsive to change.
The changes these organizations are going through are not only succeeding in strictly financial terms. They are also increasingly meeting the other major goal of value-based care – better patient outcomes.
Here are three examples of the kinds of positive change possible in the new value-based care environment.