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Related Experiment Video

Updated: May 16, 2026

An R-Based Landscape Validation of a Competing Risk Model

An R-Based Landscape Validation of a Competing Risk Model

Published on: September 16, 2022

Ready for risk contracting?

Eric A Jordahl¹, James J Pizzo, Jason H Sussman

¹Kauman, Hall & Associates Inc., Skokie, IL, USA. ejordahl@kaufmanhall.com

Trustee : the Journal for Hospital Governing Boards

|November 24, 2012

Summary

This summary is machine-generated.

Hospitals must evaluate their risk capacity before adopting value-based care models. Understanding this capacity is crucial for successful transitions to new healthcare payment structures.

Related Experiment Videos

Last Updated: May 16, 2026

An R-Based Landscape Validation of a Competing Risk Model

An R-Based Landscape Validation of a Competing Risk Model

Published on: September 16, 2022

Area of Science:

Healthcare Management
Health Economics

Background:

Value-based care models are increasingly replacing traditional fee-for-service systems.
Successful implementation requires a thorough understanding of organizational capabilities.

Purpose of the Study:

To emphasize the critical need for hospitals to assess their risk capacity.
To guide healthcare organizations in preparing for value-based care.

Main Methods:

This study focuses on the strategic assessment of hospital risk capacity.
Key financial, operational, and clinical metrics are considered.

Main Results:

Hospitals often overestimate their readiness for value-based care.
Inadequate risk capacity assessment can lead to financial instability and operational disruptions.

Conclusions:

Assessing risk capacity is a prerequisite for successful value-based care adoption.
Proactive risk assessment enables hospitals to mitigate challenges and optimize performance.