Few would dispute that modern film and television is dominated by Marvel's comic book stories. But would you believe that it also provides health care with a unique lens for understanding global progress towards value-based care (VBC)?
Blog post: Back to basics on VBC
As a long-time comic book fan, we are entering into my favorite form of the genre's storytelling: the alternate universe format. When done well, the 'multiverse' lets us see the outcomes of different choices and actions.
But what does that have to do with VBC?
My colleagues persuasively argue that there are many flavors and definitions to VBC. And when you look around the world, there are different ways that the idea of value-based health care is taking shape. Essentially a world view gives us a "multiverse" of options to see how VBC plays out.
At the risk of chasing the shiny and new, I am curious to see how the UAE's approach to using connected data shakes out. We often talk about how a source of truth can be critical to getting everyone on the same page (and VBC is a cooperation problem as much as it is an incentive or care model problem). And we're a sector that puts a lot of weight on data and evidence. My hope is that in this VBC multiverse we measure how far, fast, and critical sharing data across the continuum is.
I'd encourage everyone to pull up from their local context to track value-based care globally. I'm willing to bet that all versions of VBC are going to accelerate in the next two years for two reasons:
I'll be sure to circle back and share the state of play in these markets in 6 months.
Risk-based payment is progressing slowly but steadily for Medicare and Medicaid. The same can’t be said for commercial contracts, where it’s harder to find alignment between plans, providers, and employers on compressed timelines. But commercial risk is ultimately what will tip the industry toward value-based care or keep us in a world of hybrid incentives.
We believe that commercial risk is complicated, but possible. To chart the course forward, we’ve collaborated with experts from across health care and analyzed a national database of commercial claims. Explore our work to learn how you can push the industry toward a new cost and quality standard.
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