VitreosHealth is the source for adaptive insights into population health management to deliver meaningful outcomes.
Value based contracts are becoming the norm in the healthcare industry. Whether you agree or not with the structure of these payment models and the impetus behind the advent of the new paradigm, the fact is that they are here to stay. Initial results show successes as well as failures begin at the “first mile” stretch. Studies and research indicate that physician led ACOs are gaining popularity.
Director, Vitreos Health, Plano, TX
Raymond Carter, Senior Editor, Accountable Care News
We continue with our series of op-eds and reports from the field in this space with a piece from Sandeep Misra,
Director of Sales for VitreosHealth.
Value based contracts are becoming the norm in the healthcare industry. Whether you agree or not with the structure of these payment models and the impetus behind the advent of the new paradigm, the fact is that they are here to stay. Initial results show successes as well as failures begin at the “first mile” stretch. Studies and research indicate that physician led ACOs are gaining popularity. However, several physicians organizations are signing these risk contracts only to realize that they are achieving minimal success (if any at all) while few others are delivering the desired financial results. The realization of poor results hit the executive leadership teams like a ton of bricks and the blame game ensues. However, what most of these organization either (a) don’t realize or (b) realize too late, is that the main drivers of lack of success are avoidable and in complete control of the key decision makers and are made long before the risk contract renders successes or failures. There are six main reasons why most ACOs are struggling with delivering the success that they set out to achieve:
"I was blown away when I saw the tool and the application and how they were able to use that data. I figured that it was going to show us some information but I had no idea that it was going to be as dynamic as it actually was".
COO, Patient Physician Network (IPA)
“I whole-heartedly recommend VitreosHealth. With new payment models like ACOs, Bundled Payment and Value-based Purchasing, executives need to make many more decisions around health care to minimize cost, boost quality, and reduce risk.”
CEO, Merit Health System
“By using near real-time patient health records from EHRs along with financial claims data, VitreosHealth presents the physicians with information that allows them to understand the total cost drivers associated with patient care across the patient population. By understanding the clinical cost and quality drivers, physicians make interventions to have a dramatic impact to lower the healthcare cost curve.”
President, Kangent Consulting, Inc