HFMA's Value Project: Phase 1
This phase defines the concept of value in health care, describes the current state of value and the capabilities that are developed by providers actively engaged in value-based initiatives, and identifies likely future directions of a value-based healthcare system.
Phase 1 research was supported by the financial and intellectual contributions of 17 hospitals and health systems.
Phase 1 Resources
Value in Health Care: Current State and Future Directions
This first report features two parts. The first details essential skills within each of four capabilities (described below) that healthcare organizations should begin to develop now. The second part presents a series of assumptions that will push the healthcare system into two directions: greater provider integration and greater assumption of risk by providers.
Building Value-Driving Capabilities
This series of four reports offers in-depth descriptions of the four value-driving capabilities introduced in Value in Health Care: Current State and Future Directions. Case studies from leading hospitals and health systems demonstrate how healthcare organizations can develop the capabilities they will need to thrive in a value-driven healthcare market.
People & Culture: The ability to instill a culture of collaboration, creativity, and accountability
Business Intelligence: The ability to collect, analyze, and connect accurate quality and financial data to support organizational decision-making
Performance Improvement: The ability to use data to reduce variability in clinical processes and improve the delivery, cost-effectiveness, and outcomes of care
Contract & Risk Management: The ability to develop and manage effective care networks and predict and manage different forms of patient-related risk
Value Project Web Tool
Access strategies and tools to build the skills that support the four value-driving capabilities.
View Tool (HFMA members only)
Publication Date: Wednesday, June 01, 2011