Big Business Coalitions To Form National Value-Based Payment Network
Big purchasers of healthcare and a company working with Medicare to move away from fee-for-service medicine say they are collaborating to get U.S. employers to adopt bundled payments, a proliferating value-based care model.
The National Alliance of Healthcare Purchaser Coalitions, a network of business coalitions across the country from California’s Silicon Valley to Detroit and up and down the East Coast said they are working with Remedy Partners to accelerate development of new payment models. The National Alliance represents more than 12,000 purchasers that spend more than $300 billion on healthcare for 45 million Americans.
The platform comes as the nation’s health insurers move away from fee-for-service medicine that pays doctors and hospitals based on volume to reimbursement based on performance and quality of care delivered. The effort also comes after Amazon, Warren Buffett’s Berkshire Hathaway and JPMorgan Chase & Co. hired Dr. Atul Gawande, a proponent of value-based models, to lead the healthcare company they created to help improve quality and cost of care for their more than 1 million employees.
The National Alliance and Remedy said they are looking at how “best to build a national platform that will offer employers a clearer path toward adoption of episode-based payment and benefit design and will test the concept with select coalitions over the next year,” the groups said in a statement released Tuesday. [...]health care costs insurance market public health