The “Buying Value” collaborative will allow the participating companies and unions to have a firmer say in health coverage, according to the report.
The private sector coalition may align with Medicare’s accountable care organization program or try new initiatives such as lowering co-pays for patients seeking high-quality health services and professionals, according to the report.
Buying Value is an effort to switch from traditional insurance models to rewarding physicians and hospitals for value. The first phase of the Buying Value collaborative, slated for completion by Oct. 1, is to set quality measures.
The Robert Wood Johnson Foundation is supporting the program by using databases to research high-quality health plans that fit the needs of the new collaborative.
More Articles Related to Value-Based Purchasing:
5 Must-Haves for Value-Based Purchasing Success
AMA: 3 Steps for Physicians in New Payment Models
4 Actions to Achieve Meaningful Use While Preparing for Value-Based Care
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
