Opening Discussion Topic:
Back in 2012, UnitedHealthcare sent an open letter to their self-funded customers saying they’d be shifting to a “Value-Based Contracting Model,” anticipating that 50-70% of their commercial members would be benefiting from such a system by 2015.
Not surprisingly, it took a little longer. But the Health Care Transformation Task Force (composed of major payers and systems) reported that 47% of their business rested in value-based payment arrangements by YE 2017, up from 30% in 2015, and 41% in 2016. Obviously, the trend is towards Paying for Value!
During our Group Discussion, we’ll look to hear your experience on the road to Value-Based Contracting. We’ll also plan to explore any Lessons Learned during the journey, including how you “measure value”; define and collect measurable outcomes; engage all the necessary stakeholders and align them around critical objectives, transparency, and accountability; and, perhaps most importantly, develop trust between all the key parties.
Our Featured Member Presenter, Rick Barnett, President & CEO of Satellite Healthcare, will update us on their movement towards Value-Based Contracting, by delivering quality and bringing value to kidney care. He’ll also share how Satellite has continued to grow, both organically and through acquisitions. And, how, when Prop 8 landed on the California ballot last year, he brought the voice of one of the nation’s largest not-for-profit dialysis providers to the discussions, helping to influence opinions and persuade voters to defeat the initiative.
As always, please alert us to Any Other Issues You’d Like to Discuss with the Group, so we can include time for them in the morning’s Agenda
Rick Barnett is CEO of Satellite Healthcare, to which he brings more than 30 years of experience at some of Californiaâ€™s leading hospitals and ambulatory care centers. Prior to joining Satellite in 2014, Rick served as Sr. VP of VHA Inc., and Executive Officer of the West Coast Region, where he directed a network of more than 100 hospitals and related entities across AZ, CA, HI, NV, OR, and WA. He was also the CEO of Mercy Medical Centers in Redding and Mt. Shasta, and COO of Queen of the Valley, in Napa.
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