H&HN June 9, 2015
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,...