Create and quantify value in value-based care

Orlando Health, a not-for-profit hospital system, recently partnered with Mastercard to analyze success in several value-based care (VBC) programs across their integrated healthcare delivery system in Central Florida. The partnership utilized Mastercard’s patented Test & Learn® solution and focused on three main areas: Clinical Standardization, Process Enhancements and Patient Connectedness. 

As a business model, VBC can improve outcomes in several critical operating areas, quality and patient outcomes, patient experiences, reducing internal costs and generating external value. Orlando Health is applying targeted population health and VBC initiatives across their healthcare system. They regularly pilot and implement, models to cut costs while improving clinical outcomes and patient experiences. Using robust analytics allows Orlando Health to test multiple initiatives and then quickly scale learnings across the network.

This paper explores how to create and quantify value in VBC across four areas:

• Looking for Value
• Identifying Value
• Demonstrating Value
• Managing Value

Click below to read our article on this important topic. 

Mastercard is a technology company in the global payments industry. Our global network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard Healthcare Solutions brings value to payers, providers and patients by working to enhance and grow business for payers and providers. Learn more at https://www.mastercard.us/en-us/business/large-enterprise/healthcare-solutions.html

Orlando Health, headquartered in Orlando, Florida, is a not-for profit healthcare organization with $7.6 billion of assets under management that serves the southeastern United States. Founded more than 100 years ago, the healthcare system is recognized around the world for its pediatric and adult Level One Trauma program as well as the only state-accredited Level Two Adult Trauma Center in the St. Petersburg region. It is the home of the nation’s largest neonatal intensive care unit under one roof, the only system in the southeast to offer open fetal surgery to repair the most severe forms of spina bifida, the site of an Olympic athlete training facility and operator of one of the largest and highest performing clinically integrated networks in the region. Orlando Health is a statutory teaching system that pioneers life-changing medical research. The 3,200-bed system includes 15 wholly-owned hospitals and emergency departments; rehabilitation services, cancer and heart institutes, imaging and laboratory services, wound care centers, physician offices for adults and pediatrics, skilled nursing facilities, an in-patient behavioral health facility, home healthcare services in partnership with LHC Group, and urgent care centers in partnership with CareSpot Urgent Care. Nearly 4,200 physicians, representing more than 80 medical specialties and subspecialties have privileges across the Orlando Health system, which employs nearly 22,000 team members. In FY20, Orlando Health served nearly 150,000 inpatients and nearly 3.1 million outpatients. During that same time period, Orlando Health provided approximately $760 million in total value to the communities it serves in the form of charity care, community benefit programs and services, community building activities and more. Additional information can be found at orlandohealth.com, or follow us on LinkedIn, Facebook, Instagram and Twitter @orlandohealth.