H&HN June 9, 2015
Rita E. Numerof, Ph.D.

Cost transparency will help health care systems to transition from fee-for-service reimbursement to value-based payment without great financial risk.

With a lot of uncertainty about the future, hospital leaders are asking: What’s the best way forward? How do I succeed in today’s fee-for-service system while preparing for — but not getting too far ahead of — value-based payment?

The question has become more pressing since the Centers for Medicare & Medicaid Services and leading payers and providers announced ambitious value-based payment goals. The new goals increase the pressure on hospitals to change, but leave uncertainties about when and how to transition, especially at a granular level.

Fortunately, there are steps hospitals can take that will help to improve performance now,...

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Topics: ACA (Affordable Care Act), ACO (Accountable Care), CMS, Congress / White House, Employer, Health System / Hospital, HHS, Medicaid, Medicare, Patient / Consumer, Payer, Physician, Pricing / Spending, Primary care, Provider, RCM (Revenue Cycle Mgmt), Regulations, Retail care, Self-insured, Value Based
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