As Value-Based Care Moves From Philosophy to Reality We Need to Focus On Equity and Interoperability
3 takeaways from Reuters’ value-based health conference in Philadelphia last month.
1. Speakers agreed that transitioning to value-based care (VBC) is critical for improving the healthcare system, and federal efforts are expected to drive its adoption. One approach proposed is a "payvidership" model, where payers and providers collaborate to bridge gaps and reduce duplicative efforts, resulting in cost savings and better health outcomes.
2. The conference emphasized the need for standardization and data integration between payers, providers, and community-based organizations (CBOs) to improve communication and decision-making. Engaging community partners and addressing social determinants of health were highlighted as crucial components of value-based care.
3. Moreover, the speakers stressed the importance of centering equity in all healthcare efforts and taking a person-centric approach to understand and address systemic disparities. Various health organizations have established health equity teams and invested in initiatives like affordable housing and transportation to improve patient outcomes.
"Equity was at the forefront of Reuters’ value-based health conference in Philadelphia last month. Over two days, executives from accountable care organizations, health systems and payers spoke about interoperability, population health, social determinants, the cost of care and taking on risk. Across the board, speakers agreed that the transition to value-based care (VBC) is both inevitable and critical to improving the healthcare system. While to date, adoption of VBC has been relatively slow, some predicted that is soon to change, spurred on by federal efforts." - Anastassia Gliadkovskaya
Overall, the conference emphasized the inevitability of value-based care adoption and the urgency of addressing equity and social determinants to create a more efficient and effective healthcare system.