VALUE-BASED CARE REDUCES HEALTHCARE SPENDING FOR ALL
Alternative Payment Models Improve Health Outcomes for Patients While Reducing Spending
Value-based care models pay hospitals and providers, in part, on the quality of services delivered and outcomes achieved. These models enable healthcare organizations like the Ochsner Accountable Care Network (OACN) in Louisiana and Mississippi to make care delivery more coordinated and efficient.
For healthcare providers nationwide, this kind of personal care is only possible because of alternative payment model (APM) programs.
OACN’s story:
OACN relies on the APM physician incentive payments to provide critical support for care management programs, community resource networks, and individual patient needs to provide the best care possible to its patients.
Over the past six years, the accountable care organization coordinated care for more than 8,000 patients, helping them manage chronic diseases such as diabetes and breast cancer. OACN supports its beneficiaries through the entire cycle of care, from monitoring conditions, to providing in- and out-patient care services, to providing services that improve patient transitions from a hospital stay back into their daily lives.
Meanwhile, OACN has reduced its spending by more than $100 million since adopting the physician incentive. Value based care gives patients and the healthcare system the best outcomes.
Because value-based care focuses on outcomes, healthcare organizations like OACN use the incentive payments to give patients a coordinated care experience while lowering the cost of disease management and hospitalizations. The APM incentive payments are critical to sustaining and supporting high-quality, cost-effective care for patients.