Becker's Healthcare July 29, 2024
Physicians, executives and some of the biggest names in healthcare — such as Optum and even CMS — have begun piloting value-based payment systems. Given that the care model has been found to improve patient outcomes, lower costs and reduce burnout, many ASCs have set their sights on value-based care.
Value-based payment models have saved insurer Humana $8 billion in 2022, compounded by continually declining reimbursement rates. The implementation of value-based care could also alleviate financial challenges at ASCs, which may leave their leaders asking how to successfully adopt the payment system. However, according to DJ Hill, CEO at Raleigh, N.C.-based ASC management company Compass Surgical Partners, ASCs need to ensure they have a few critical bases covered first.
“Under...
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