HCTTF June 23, 2021
With the passage of the Affordable Care Act (ACA), the Medicare program embarked on a significant journey toward a value-based payment and care delivery system. The broad goal was to achieve a transformed system focused on the value of the care received by patients over the volume of services furnished by providers.
The ACA included two major initiatives to promote value-based payment: (1) a new Center for Medicare & Medicaid Innovation to conduct modernized testing and iteration of alternate payment models; and (2) the Medicare Shared Savings Program, a voluntary yet permanent program for providers wishing to participate in Accountable Care Organizations.
Ten years in, value transformation is fundamentally changing the way health care is delivered and paid for –...
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