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VBC Insights

The Accorded company blog about all things Accorded, value-based contracting, and the team that makes it happen

5 Steps Before Rolling Out A Value-Based Contract

VBC Insights
Value-Based Care
Value-Based Contracting

2/7/2024

Diving into a value-based contract (VBC) isn’t easy, but breaking it into key milestones can make it easier. In this blog by CEO, Co-founder, and actuary, Frank Cheung, we’ll walk through 5 milestones you should meet before entering into a VBC.

3 Biggest Challenges for Actuaries in Value-Based Care

Value-Based Care
Value-Based Contracting
VBC Insights

28/5/2024

In the value-based care (VBC) space, actuaries have their work cut out. They juggle a lot, from handling tons of requests to finding the right balance between speed and detail. In this blog by Accorded Co-Founder and CEO Frank Cheung, we explore the 3 biggest challenges for actuaries in VBC and how Acumen, the actuarial data transformation platform, makes their job easier and more efficient.

Value-Based Contracting 101 - Knowing Your Terminology

VBC Insights
Value-Based Contracting

6/3/2024

The US healthcare landscape is changing. Traditional fee-for-service (FFS) payment models have proven to be financially unsustainable and ineffective at addressing patient needs, a trend that has only been exacerbated by COVID-19 and rapid inflation. The pressure from regulators, patients, and market disruptors to move away from FFS is pushing the market to reconsider how contracts should be structured to best align payer and provider incentives for improving quality of care, enhancing patient experience, and reducing cost of care.

Value-Based Contracts: Next-Gen Performance Guarantees?

VBC Insights
Value-Based Contracting

6/3/2024

Motivation

Employers are rethinking approaches to improving the quality of care provided to their people while also reducing the cost of care per employee. The Willis Towers Watson 2020 Health Care Delivery Survey indicated that 73% of employers intend to adopt alternative care delivery models by 2023.1

Realizing the Potential of Value-Based Care

VBC Insights

6/3/2024

Value-based care (VBC) is framed as the path to a more financially sustainable, equitable, and efficient healthcare system, where providers are incentivized to focus on the quality of care they deliver. This concept continues to gain traction across the industry as the most viable solution to the nation’s healthcare woes. The Centers for Medicare and Medicaid Services (CMS) - historically, a trendsetter for US healthcare - has doubled down on the concept of VBC. CMS has committed to shifting all Medicare beneficiaries to a care relationship with accountability for quality and total cost of care by 2030.2