The way in which providers are being paid for delivering care is changing dramatically. Emerging reimbursement models have proven that efficiency and quality improvement lead to reduced overall costs, and that volume at a reduced cost does not necessarily improve the bottom line. So why are most health systems still paying their suppliers on a fee-for-service or fee-for-product basis?
As providers are being asked to reduce waste and improve quality of care under these changing models, they must push their partners to match that challenge. Read the white paper, How can your hospital enable sustainable cost controls while improving quality? to learn how Geisinger and Medline are rethinking the traditional provider-supplier relationship and utilizing a unique economic model that mimics the value-based reimbursement structure under which many hospitals are now being paid. The new model requires both partners to work efficiently toward better outcomes, holding Medline accountable to deliver high-quality, high-value products, processes and clinical resources that improve Geisinger’s outcomes and eliminate waste from operations.
Click below to read about their groundbreaking partnership and gain best practices for forming your own risk-based partnership.