As the chief operating officer at a company that supports health systems and health plans in transitioning to value-based care, providers often ask me how they can best prepare their organization now for the slow-moving progression from fee-for-service to value-based care.
When I am asked this question, I most often share the following anecdote:
Value-based care is like surfing on the ocean. While we all expect to see waves in the ocean – each and every wave is in fact different. Surfers understand this notion and, therefore, pay close attention to the unique properties of each wave before, during, and even post-ride. The same can be said for value-based care. You need to be agile, attentive, and adaptive in order to succeed in this transition – and in surfing.
Today, there is no one-and-done approach to value-based care. It is a step-by-step oriented process and each provider organization must chart their own path. Still, with that in mind, there are best practice approaches and considerations to help ensure that your organization and extended care teams are properly set-up in order to succeed in risk-based contracting in both the near- and long-term.