Back to the Basics: Value-Based Payment 101 (Member Resource)-Session Presentation

Video Transcription

Video Summary

The video titled "Back to the Basics, Value-Based Payment 101" discusses the concept of value-based care and its implications for healthcare providers. The session explores different value-based payment models, such as accountable care organizations and advanced primary care models, that aim to improve patient outcomes and reduce costs. The presenters also discuss the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), which established payment tracks like MIPS and Advanced APMs. They highlight the challenges and opportunities for physiatrists in value-based care, particularly in perioperative care and rehabilitation. The session emphasizes the importance of objective measures and quality measures in assessing patient outcomes and driving improvement. The presenters encourage collaboration between different specialties and stakeholders to deliver value-based care effectively. They also discuss the need to address social determinants of health and strike a balance between incorporating them and ensuring quality care for all populations. The session aims to educate healthcare providers about value-based care and the opportunities it presents for improving patient care and reducing costs.

Keywords

value-based care

healthcare providers

payment models

MACRA

MIPS

Advanced APMs

physiatrists

perioperative care

rehabilitation

patient outcomes

social determinants of health