Although fee-for-service contracts still dominate the healthcare payment landscape, the progression toward value-based payment models—which reward providers that achieve quality and cost targets—is picking up speed. But shifting gears to move toward value-based payment involves a different set of processes and resources than those used under fee for service. It also requires significant capital investment.
Gregory Kile and Sue Lawrence discuss how Lehigh Valley Health Network prepared for value-based partnerships, including the utility of Populytics’ predictive analytics.