Issue Briefs
Date of this Version
2-18-2021
Abstract
A decade of innovation and experimentation has failed to transform the health care system to one that pays for value rather than volume. It is now time to reconsider how value-based payment models can generate substantial savings and improve quality and health equity. Experts from the University of Pennsylvania, with input from a national panel of experts, reviewed the effectiveness of past payment reforms implemented by the Centers for Medicare and Medicaid Services (CMS) and made recommendations about how to accelerate and complete the nation’s transformation to value-based payment. This brief summarizes recommendations that provide a path toward widespread adoption and success of alternative payment models, producing better health outcomes for all Americans, reducing wasteful spending, improving health equity, and more effectively stewarding taxpayer funds to support other national priorities.
Document Type
Brief
License
This work is licensed under a Creative Commons Attribution-No Derivative Works 4.0 License.
Keywords
value-based payment, health reform, health care reform, health insurance, payment models, health equity
View On LDI Website
https://ldi.upenn.edu/brief/future-value-based-payment
Included in
Health and Medical Administration Commons, Health Economics Commons, Health Policy Commons, Health Services Administration Commons, Health Services Research Commons, Public Policy Commons
Date Posted: 17 May 2021