Boston MA USA (PRWEB) September 25, 2013
In this white paper, Dartmouth-Hitchcock sees that the industry is moving slowly to new risk and payment models as advocated by The Patient Protection and Affordable Care Act (PPACA) commonly called Obamacare. As this evolution occurs, health systems will continue to use a Fee-for-Service (FFS) approach to be paid for acute and episodic care, at the same time they must build the capability to succeed in a value-based reimbursement environment. If a system moves too fast on population health and value based services before payer reimbursement and incentives are aligned, it erodes their FFS business and may hurt their overall financial performance. Move too slowly and providers will miss the opportunity to shape and influence the market for improved population and patient outcomes at lower costs. This creates a “Catch 22” dilemma for health systems – how do they move into the new world of “accountable” care and newly evolving fee-for-value payment models while maintaining financial performance?
Rather than being paralyzed by health care’s Catch-22, the paper outlines how Dartmouth-Hitchcock is using a marketplace scenario and a capability-based planning approach to prepare for the challenges of working in multiple reimbursement models and advancing its strategy to create a sustainable health system. The white paper outlines their approach as a framework for other health systems to use as they navigate through this change as well.
The white paper can be found here