Medical Economics October 27, 2020
With a defined set of best practices, replicable estimates of the monetary value is achievable
This article is in the second in a series focused on calculating shared savings from value-based health care improvement solutions. To date, a formal set of best practices does not exist, and further complicating this ambiguity, no one entity is leading the development of best practices for monetization of healthcare value. Confusion and lack of standardization is compounded by rapid growth in value-based contracting between Commercial payers and providers, culminating in an imperative for the industry to align on a consistent set of technical specifications, or best practices, for monetizing value in a healthcare context. This article aims to enumerate key decision points one...