Understanding Cost of Care to Drive Value-Based Payment Arrangements – Cost of Care Part 3
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Understanding Cost of Care to Drive Value-Based Payment Arrangements – Cost of Care Part 3
Friday April 5 @ 12:00 pm - 1:00 pm
Description: It is important for healthcare providers to understand the cost of the services they provide and compare that to reimbursement rates. In value-based care arrangements, they should also anticipate the impact of their care models on patient outcomes and resulting incentive payments. This information can inform decisions to modify existing care models and potentially introduce new approaches to patient care. If grants are used to cover start-up costs of new services, financial proforma should demonstrate that they are financially sustainable once those grants expire. Having a clear understanding of the cost of care is essential when negotiating contracts with payers. The information can inform decisions to enter into certain value-based payment agreements.
Speakers: Suzanne Daub, LCSW Principal, Health Management Associates, Art Jones, MD Principal, Health Management Associates, & Chuck Weiss Principal, Health Management Associates
Learning Objectives:
- Describe why healthcare providers need to comprehend the cost of services they offer and how it relates to reimbursement rates.
- Identify the basics of anticipating the impact of care models on patient outcomes and incentive payments in the context of value-based care arrangements.
- Express the importance of using cost information to make informed decisions about modifying existing care models and introducing new approaches to patient care.
- Illustrate the financial sustainability of healthcare services, particularly when grants are utilized for start-up costs, and how to demonstrate this sustainability post-grant expiration.
- Discover the essential role of a clear understanding of the cost of care in negotiating contracts with payers and making informed decisions about entering into value-based payment arrangements.
Content Level: Foundational
Target Audience: Administrators
Course Interaction & System Requirements: This live webinar is fully interactive. Attendees may ask and answer questions throughout the presentation and participate in instructor-led discussions.
Course Completion & CE Requirements:
Health Management Associates, #1780, is approved to offer social work continuing education by the Association of Social Work Boards (ASWB) Approved Continuing Education (ACE) program. Organizations, not individual courses, are approved as ACE providers. State and provincial regulatory boards have the final authority to determine whether an individual course may be accepted for continuing education credit. Health Management Associates maintains responsibility for this course. ACE provider approval period: 09/22/2021 – 09/22/2025. Social workers completing this course receive 1.0 continuing education credit.
To earn CE credit, social workers must log in at the scheduled time, attend the entire course, and complete an online course evaluation. To verify your attendance, please be sure to log in from an individual account and link your participant ID to your audio.
CME Credits:
The AAFP has reviewed the Integrated Care DC webinar series and deemed it acceptable for AAFP credit. Physicians should claim only the credit commensurate with the extent of their participation in the activity. This session is approved for 1.0 Online Only, Live AAFP Prescribed credits.
Certificates of completion will be emailed within 10-12 business days of course completion.
System Requirements:
- Operating Systems: Windows XP or higher, MacOS 9 or higher, Android 4.0 or higher
- Internet Browser: Internet Explorer 9.0 or higher, Google Chrome, Firefox 10.0 or higher
- Broadband Internet connection: Cable, high-speed DSL & any other medium that is internet accessible
