As aging populations continue to grow, geriatric-specific medical care is more important than ever. And at the end of the day, the highest quality care is expertly coordinated care. Value-based contracts make such collaboration not only possible, but also successful from a business management perspective.
Value-based contracts are innovative payment models that bring multiple health care systems, providers, and facilities together to deliver quality, coordinated care to patients in the most efficient ways possible. It’s a promising way to shift from a focus on volume to a focus on value in our healthcare system, as well as evolve alongside scientific and technological innovation.
During GEHRIMED’s virtual 2020 LTC Summit, Amanda Tufano, the CEO of Genevive, gave us a glimpse into what it takes to build and maintain a successful value-based infrastructure in geriatric health care spaces. Genevive, a geriatric medical practice based in Minnesota, has held multiple value-based payor contracts for dual-eligible patients since 2003 and is currently expanding its footprint with two new I-SNP payor partners. The majority of Genevive’s revenue stems from value-based contracts, which rely on their ability as a team to increase quality and lower costs to both patients and payers simultaneously.
In this presentation, Tufano shares the company’s learnings and failures over the last 17 years to highlight necessary factors for future success and “moving up the revenue stream.” Looking ahead, Tufano believes that the continued success of their model depends on accessing the right data at the right time, turning it into meaningful and actionable clinical information that ultimately supports patient goals and wishes.Curious to hear all Tufano had to say? Access the full presentation.
Thursday, August 11 | Human Services,Thought Leadership,Value-based Care
In our recent blog, Origins of Peer Support for Individuals with Mental Illness, we discussed how the value of peers in support of the mentally ill has been recognized for a very long time, but its popularity varied since its first reported use in France in the 1800s. The voices of those with serious mental illness were finally being heard, helping change attitudes from professional protectiveness to “Nothing about us without us.” In this section we will discuss the more recent history of peers in the United States and how the growth of peer support varied between different countries.More
Thursday, July 28 | Human Services,Thought Leadership,Value-based Care
Peers have gained increased visibility and prominence in today’s behavioral health system. In this six-part blog series, we will discuss how the peer movement evolved in mental health and substance use care. We will also share the current state of the peer movement and what the future looks like for these services. In the first part of the series, we begin by looking at the interesting history of peer support for individuals with mental illness that dates back more than 200 years.More
Thursday, July 21 | Thought Leadership,Post-Acute Care,Value-based Care
Palliative care has seen tremendous growth as providers have begun to unlock the keys to profitability through value-based contracts. Now considered one of the highest demand and most needed services in the post-acute care continuum, industry leaders unpack the skills need to expand service lines, an advanced technology platform, interoperability, and pursuing a value-based contract to improve patient care and reduce costs.More