By the end of 2016, HHS plans to make 30 percent of fee-for-service payments through alternative payment models, such as accountable care organizations and bundled payments, and tie 85 percent of all fee-for-service payments to quality or value. This places increasing urgency on healthcare organizations to make a fundamental shift in their approach to care delivery. Existing value-based care models, such as Blue Cross Blue Shield of Massachusetts’ Alternative Quality Contract (AQC), can offer valuable guidance. Launched in 2009, the AQC offers two-sided risk for the total cost of patient care plus significant earning potential based on quality and outcomes measures. Nearly 90 percent of BCBSMA’s network providers participate in the program today, and studies show that it has slowed spending growth and improved quality.
During this webinar, we will:
- Explore key lessons learned from the AQC, drawing on insights from former federal government executives, payer leaders, and providers.
- Discuss the implications of early AQC experience for national payment reform efforts.
- Uncover opportunities and challenges for multi-payer models built around existing programs.
Other panelists include: Mark McClellan, Senior Fellow and Director, The Brookings Institution; Bob Kocher, Partner, Venrock; Dana Safran, Senior Vice President, Blue Cross Blue Shield of Massachusetts