Question

HOM:

1.Evaluate a Hospital’s readiness for the transition of health care systems from a volume- to value-based delivery system.

2. Provide relevant and practical recommendations to improve its readiness and how it might affect the implementation of these initiative.

Answer 1

Hospital’s readiness for the transition of health care systems from a volume- to the value-based delivery system can be reflected in the efforts of the hospital to improve its service i.e. have a fee for value with its population health approach. Value-based reimbursement reflects a healthcare provider’s eagerness to deliver the best care at the lowest cost. Thus a patient receives a higher quality of care at a better value.

The relevant and practical recommendations for improving the readiness and how it might affect the implementation of these initiatives include;

Acquiring, aggregating, and analyzing data across a healthcare network

An integrated financial and clinical platform for the common viewing of the patient across care settings and over time

Reorganization of the institutional structure; to accommodate value-based payments. This may help healthcare providers in identify changes that could reduce operating cost and boost efficiency

Physician engagement with common goals and an incentive structure for supporting these goals

Instituting of new clinical and operational processes that can foster sustained behavior change