What Do We Mean By “Value”? A Discussion Session On Defining, Measuring & Reporting Value

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Despite the market push towards value-based reimbursement, most provider organizations are operating in a system where there is no consensus on the definition of value. Successful outcomes are defined differently across the board – from state to state and payer to payer, making it difficult to compare provider organizations to each other. The ultimate goal of our system is towards the triple aim of reduced costs, better outcomes, and a better consumer experience, but there is a wide range of variation in what exactly that means, how it can be measured, and how it should be reported. These are the big questions our panel will tackle as they offer their perspective on where the market is headed and their experience on how health plans and provider organizations are currently defining “value” in the health and human service market. Our panel will review:
  • How to build a strategy for defining and demonstrating your own value in an unsettled market
  • How to work within the confines of commonly utilized clinical and financial performance measures
  • How health plans and provider organizations can work together to share data, document performance results, and demonstrate value