Shying away from value-based care and risk-based contracts is no longer an option as new healthcare policies, whether federally mandated, payer-mandated or internally mandated, take effect.
As these policies are implemented, hospitals and physicians are preparing to survive in an environment that holds them more accountable for the quality of care they provide, which often places their bottom lines at risk. While many providers are afraid of assuming risk, embracing these risk-based contracts can lead to success in the new era of value-based care.
Eastside Health Network, a clinically integrated network based in Kirkland, Wash. has been able to succeed with four types of risk-based contracts, exemplifying that embracing risk-based contracts can lead to favorable outcomes.
During a July 24 webinar sponsored by Philips, Eastside's Executive Director David LaMarche and Quality Program Manager Sara Rutherford; and Niki Buchanon, PHM business leader of Philips Wellcentive, will discuss how Eastside has succeeded in using the four risk-based contracts, including full capitation.
Webinar attendees will learn how to determine quality measures for specific contracts, how to engage patients and providers in the risk-based contracts, how to proactively close care gaps and prevent patient leakage as well as how to aggregate data to form actions and decisions in this new value-based care world.
To learn more or to register for the webinar, click here.