December 24, 2015 – Curant COO, Marc O’Connor, featured in Managed Healthcare Executive – One of the biggest aspects of healthcare reform is the shift to value-focused reimbursement, but Marc O’Connor, chief operating officer for Curant Health, a medication management company says it’s not always clear what that entails. Healthcare organizations, he says, should define what “value” means to their organization, and make sure that definition is shared across the entire company or system. In all the literature and guidance about healthcare reform, there is no definition of what “value” means, and it is up to each provider to determine what value means to their own organization in terms of outcomes and goal-setting.
For health systems especially, it’s critical to make sure all of the physicians are aware of how their pay will be tied to cost and quality, and what performance measures they will need to meet, says Don Hutton, founder of the Morgan Executive Development Institute. “It’s all tied to value-based purchasing,” he says. “Make sure that everyone is agreed and aligned with what the incentives will be on payment, quality, and outcome. Physicians have a lot at stake in healthcare reforms, and 80% of their revenue is at risk.”
To read the full article, visit Managed Healthcare Executive.
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