The incentive model for health systems is changing. The opportunity—to reduce cost of care and improve quality of care—is great. But the challenge—adopting new incentive models and accepting the correlative financial risk—is real.
As health systems navigate this shift, they struggle with risk readiness when evaluating taking on value-based payment models. Even if the system understands their risk readiness, and has taken on some value-based structures, fee-for-service must still be accounted for. The reality? A need for significant change management efforts.
Operational changes will also drive a need for a cultural shift given the current relationship between providers and executives/administrators, as well as payers and providers. It’s important for health systems to leverage data when designing processes that support the shift to value-based care to ensure efficiencies and cost effectiveness.
That’s where we come in.
We enable business processes and clinical operations to capitalize on risk-based contracts, migrate toward risk-based care delivery, and achieve clinical integration to support high-quality care delivery at a lower cost. Bundled payment readiness is an essential factor in that equation. How can you develop and operationalize a bundled payment strategy that effectively monitors claims data utilization and quality, supports collaboration within your provider network, and integrates with existing systems? West Monroe can help.
Having a lot of data is good—if you know how to use it. With an increase in value-based care analytics vendors in the market, it can be difficult to know where to begin. We help you develop the core capabilities of high-performing risk-bearing organizations in order to take full advantage of your data. Lower costs, increase your organization’s top line and improve outcomes with the aid of data-driven incentives for the delivery of low-cost, high-quality care.
As value-based contributions to healthcare spend continue to grow, providers must shift to getting paid for value/outcomes vs. procedures/volume. Becoming an outcomes-driven organization can be a cultural hurdle, but in the face of rising cost and quality concerns, change is increasingly necessary. Our change management assessment, roadmapping, and support services help your organization navigate the shift.
Cut down on the manual work required to synchronize disparate systems with our system solution assessment and roadmapping, development, and integration management services. We help you create a robust data system that enables the identification of high-risk populations, evaluates cost savings and performance, and supports the development of a strong post-acute network.