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Professional Values01:29

Professional Values

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Equity Theory01:26

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Ethical Standards I01:25

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Ethical Standards II01:23

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Related Experiment Videos

Survive or thrive? Becoming a successful value-based enterprise.

Purvi B Bhatt, Kevin Forster, Terri L Welter

    Healthcare Financial Management : Journal of the Healthcare Financial Management Association
    |September 18, 2015
    PubMed
    Summary

    Health systems must assess their value competencies and readiness for value-based care. Preparing to redesign care delivery is crucial for success in this evolving healthcare environment.

    Related Experiment Videos

    Area of Science:

    • Healthcare Management
    • Health Services Research
    • Value-Based Healthcare

    Background:

    • The healthcare landscape is shifting towards value-based care models.
    • Traditional fee-for-service systems face increasing pressure to demonstrate value.
    • Organizational transformation is necessary to adapt to value-based environments.

    Purpose of the Study:

    • To guide health systems in assessing their readiness for value-based care.
    • To outline key characteristics of successful value-based enterprises.
    • To provide a framework for redesigning care delivery.

    Main Methods:

    • Assessment of organizational competencies in value-based care.
    • Evaluation of potential viability within a value-based framework.
    • Analysis of organizational readiness across five key domains.

    Main Results:

    • Health systems need to proactively examine their current value competencies.
    • Successful value-based enterprises require optimal integration, scaling, rationalization, information, and responsiveness.
    • Organizational readiness assessment is the foundational step in transitioning to value-based enterprises.

    Conclusions:

    • Health systems must strategically prepare for a value-based future.
    • Redesigning care delivery is essential for thriving in value-based environments.
    • A comprehensive assessment of organizational readiness is critical for successful transformation.