Value-Based Care: Four Key Competencies for Success

How prepared are healthcare organizations to enter into value-based care? Many may not be ready. While early value-based care adopters have focused on improving and measuring quality, they’ve often overlooked steps to bear the associated financial risk. Now that health systems can enter into alternative payment models and risk-based contracts, they need to ensure that cost is as much a priority as quality.

Health systems can achieve sustainable value-based care success by optimizing the five core competencies of population health management:

  1. Governance that educates, engages, and energizes.
  2. Data transformation that addresses clinical, financial, and operational questions.
  3. Analytic transformation that aligns information and identifies populations.
  4. Payment transformation that drives long-term sustainability.
  5. Care transformation as a key intervention in value-based contracts.

How to Drive ROI in Your Healthcare Improvement Projects (Executive Report)

Hospitals and healthcare systems need a systematic approach and tools to demonstrate ROI from their healthcare improvement projects. Bobbi Brown, VP of Financial Engagement, shares a four-step process for demonstrating ROI: 1) define the project and business need, 2) begin to quantify ROI, 3) recruit, train and plan, and 4) evaluate costs, revenue and direct benefits. Download the Health Catalyst Clinical Improvement Financial and Executive Communications tools for estimating, calculating and communicating your ROI results.