Why Value-Based Care Models?
The shift to value-based care models continues to gain momentum industry wide.
More and more providers are adopting these models and actively promoting them because our current health care spending is unsustainable. In fact, the Health Care Transformation Task Force, an alliance of the nation’s largest health care systems, payers, purchaser and patient stakeholders, has pledged that its members will put 75 percent of their business into these models by 2020.1 Likewise, the Department of Health and Human Services set a goal to have 50 percent of traditional Medicare’s $362 billion in annual payments go to providers in value-based models by 2018.2
The challenges are real. And the opportunities are clear. Working together, we can align our strengths to clear hurdles, achieve milestones more efficiently than ever before and make value-based care a reality for your organization.
The share of the country’s gross domestic product (GDP) spent on health care is expected to rise from 17.4 percent in 2013 to 19.6 percent in 2024. Estimates show per capita spending continues to climb as well and is approaching $10,000 per person.
Value-based care models deliver real savings to bend the cost curve. As an example, one provider that collaborates with ACS reports a 5 percent decline in overall medical costs.
Watch this video to hear why providers are moving to value-based care.