Alternative Payment Models Flashcards
define value
health outcomes achieved per dollar spent
role of CMMI
-fee for service payment models bc rewards volume, not value
medical homes
-team based models of patient care
-rely heavily on PCP/team
-focus on coordination of majority of health, illness, wellness care for medicare
ACO
-providers group together and agree to share collective accountability for the quality and cost of care
-payments to ACOs incorporate financial incentives in the form of shared savings or losses for performance on deintifeid spending and quality metrics
-incentivisted to order more, do more to increase payment
bundled payments
-focus on discrete episodes of care
-overall budget for services provided to patient receiving course of tx for a given clinical condition over defined period of time
-provide incentives to providers to come in under budget
bundled payment types of incentives
-mandates
-non financial incentives
-financial incentives
what are the elements of the triple aim
- improved health
- cost containment
- improved healthcare
what is the best for a medical home payment reform model
chronic disease managemetn