Dozens of leading healthcare organizations have called on President Donald Trump and Vice President Mike Pence to continue the federal government’s push to value-based, patient-centered payment models that reward providers for improved quality and cost-effective care.
Big-name health systems and insurers, including the Cleveland Clinic, Dignity Health, Trinity Health, Anthem and Blue Cross Blue Shield Massachusetts were among the 120 organizations to sign a letter (PDF) to Trump and Pence, urging them to support continued efforts to transition away from a fee-for-service model.
Healthcare invested in value-based care
The movement to value-based payment models, a bipartisan effort, began 15 years ago with pay-for-performance, bundled payments and accountable care organization models. And healthcare providers, clinicians and insurers invested heavily to move healthcare in this direction, noted Premier, an alliance of 3,750 hospitals and more than 130,000 other provider organizations, in an announcement about the letter.
The movement, Premier said, is finally starting to generate results, pointing to Medicare ACOs savings of $1.29 billion since 2012 while improving quality.
“Through private and public sector alignment, the move toward value-based care is succeeding, measurably improving healthcare quality and contributing to historically low costs. Now is not the time for policymakers to signal a shift away from value-based care, either through action or inaction,” they wrote in the letter.
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