Value based care remains a top priority in healthcare, and physician practices of all types are feeling the pressure from payers to take on more risk. Despite this national trend, many physician practices have been slow to embrace these models, in part due to concerns about the ability to win in risk-based arrangements, while also performing well in fee-for-service agreements. Adopting a value based approach to clinical, financial, and administrative operations can help physician practices thrive in both worlds. This can help streamline the transition to value based care, while ensuring better patient outcomes and greater financial stability for providers and practices.
How can a physician practice enable more value based operations? Here are a few best practices to consider.
