The shift from fee-for-service healthcare to a value-based healthcare model has been associated with some challenges, notes Patrick White.

Mr White explains that the main challenge for healthcare groups is in the initial move. He notes that physicians and professionals who had previously been reimbursed under the fee-for-service model have financial concerns related to the switch to value-based reimbursement.

Mr White adds that another challenge is convincing the C-suite to incorporate physicians into the hospital management team. He notes that if presented with the responsibility and authority to make changes, physicians can help improve the overall delivery of care.

Despite these challenges, Mr White explains that the transition to a value-based healthcare model is necessary, and says that certain insurance companies have already begun measuring quality and cost per capita.

Transitioning to Value-Based Reimbursement

The shift from fee-for-service healthcare to a value-based healthcare model has been associated with some challenges, notes Patrick White.
Published Online: June 27, 2014
The shift from fee-for-service healthcare to a value-based healthcare model has been associated with some challenges, notes Patrick White.

Mr White explains that the main challenge for healthcare groups is in the initial move. He notes that physicians and professionals who had previously been reimbursed under the fee-for-service model have financial concerns related to the switch to value-based reimbursement.

Mr White adds that another challenge is convincing the C-suite to incorporate physicians into the hospital management team. He notes that if presented with the responsibility and authority to make changes, physicians can help improve the overall delivery of care.

Despite these challenges, Mr White explains that the transition to a value-based healthcare model is necessary, and says that certain insurance companies have already begun measuring quality and cost per capita.

View More From This Discussion
Episode 1 Introduction: Background on Hospital Readmissions
Episode 2 Preventing Unnecessary Hospital Readmissions
Episode 3 Incentivizing the Physician
Episode 4 Recognizing Cardiology-Specific Challenges
Episode 5 Communication Errors and Consequences
Episode 6 Cardiovascular Conditions Frequently Associated With Readmissions
Episode 7 Provider- and Patient-Related Factors Impacting Care Transitions
Episode 8 Improving Transitions of Care: Dr May
Episode 9 Improving Transitions of Care to Reduce Readmissions
Episode 10 Grand-Aides - A New Model of Care
Episode 11 Measuring the Success of Transitional Care Programs
Episode 12 Improving Treatment Adherence
Episode 13 Bundled Payment Programs and Hospital Partnership
Episode 14 Transitioning to Value-Based Reimbursement
Episode 15 Final Thoughts
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