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An Old-Fashioned Notion: Stand Behind Your Wares
Managed Care (Langhorne, Pa.)
|January 26, 2017
Summary
Measuring outcomes for risk-based contracts presents practical challenges. These include administrative burdens, complex data collection, and ensuring data relevance to contract agreements.
Area of Science:
- Healthcare Economics
- Contract Management
Background:
- Risk-based contracts are increasingly used in healthcare.
- Effective measurement of contract outcomes is crucial for success.
Purpose of the Study:
- To highlight the practical challenges in measuring outcomes for value-based and risk-based contracts.
- To identify key areas of difficulty in implementing these contracts.
Main Methods:
- Field experience and practical insights were gathered.
- Common obstacles in outcome measurement were analyzed.
Main Results:
- Administrative overhead poses a significant challenge.
- Data collection and validation present intricate difficulties.
- Establishing the relevance of data to contract agreements is complex.
Conclusions:
- Implementing value-based and risk-based contracts requires addressing practical measurement hurdles.
- Streamlining administrative processes and improving data management are essential for successful contract outcomes.
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