Yes, you can and you have options. Most choose to partner with a specialist like us with the tools and resources needed, but you can also do it yourself. Ultimately, you must answer five main questions:
Is your practice ready to deliver Value Based Care?
With the focus being on prevention, there many items needed to be in place to succeed. These can be grouped into Technology, Staffing, and Processes.
What's your level of risk tolerance?
There are different ways you can participate in a Value Based Care arrangement depending on how much risk you'd like to take. Contracts range from no-risk to full-risk.
Do you understand the requirements and process?
Patient outcomes are critical to determining your success. There are numerous practices that need to be implemented, monitored, and reported.
What is the composition of your patient panel?
Each payor type has unique approaches to Value Based Care, and these can determine how you support and provide care to your whole panel.
How willing are you to learn new approaches?
The requirements to deliver Value Based Care have components that are distinct from a fee-for-service model. Some are more similar while others are completely new concepts.