Have a question but aren't sure how to find the answer? AskAdvisory can help. Our library of resources covers a wide variety of topics, including value-based care (VBC). 

Value-based care

For a quick refresh, read Advisory Board's Back to basics on VBC resource, which explains what VBC is, its future, and more. In general, value-based payment structures are often used to incentivize health care providers to improve their quality of care and reduce spending, which can then significantly impact patient outcomes and costs.

For example, Humana has released data showing Medicare Advantage members who received value-based care had more preventive care, lower costs, and better outcomes in 2020 compared with traditional Medicare members. Many organizations have also begun transitioning to value-based care payment structures to better attract and retain new workers amid high demand for physicians.

Use these resources to keep up with VBC trends:

• The right questions to ask about the future of value-based care: This episode of Radio Advisory focuses on where the health care industry is currently at with value-based care, how Covid-19 has impacted the industry's VBC journey, and the questions providers should be asking themselves about risk.

• How is value-based care changing health care delivery?: This resource library contains cheat sheets to learn the basics of value-based care or go deeper into a specific topic.

• 4 insights on the current (and future) state of commercial risk: This blog provides an overview of the current state of commercial risk, as well as what it could be like in the future.  

We also offer several resources on the best practices for providers who are taking on risks with VBC, including:

• Value-based care is back in the spotlight—what should health care leaders learn from their past experience?: Health care executives should focus on strengthening their payer-provider relationships to advance their risk strategy. Balancing the needs of patients, providers, and patients has never been more complicated. This resource offers the top considerations for payers and providers who want to enter new contracts, succeed in existing ones, and achieve scale.

• 6 mistakes you'll make with VBC (and how to avoid them): Your transition to risk-based models is a marathon, not a sprint. This blog offers insights to ground your VBC strategy and ensure you don't fall victim to common mistakes.

• How to improve your risk performance: This analysis of successful Medicare ACOs provides three main takeaways for organizations hoping to improve their risk performance and achieve similar results.