Pay for Performance Summit: Overview
For 2016 the Eleventh National Pay for Performance Summit has been renamed the National ValueBased Payment and Pay for Performance Summit in recognition of the increasing importance of more robust approaches to paying for value. On the up side, measurement has proliferated beyond all expectations. In January 2015, HHS announced a plan to tie 30 percent of traditional fee-for-service, Medicare payments to quality or value through alternative payment models such as ACOs and bundled payments by 2016. By 2018, 90 percent of payments will reflect VBC and other alternative models such as hospital readmissions.
Physicians, hospitals and other healthcare providers are routinely seeing their performance compared to peers, national benchmarks and their own past performance. On the down side, the explosion of measurement has become "too much of a good thing." As a result, attention has shifted to discovering ways to better automate the measurement process and narrow its focus. In addition, despite tremendous progress, our payment system is still predominantly based on fee for service. We're still far from a health care system that consistently delivers best care at lowest cost, and our ability to truly measure and reward outcomes is at an early stage.
This year's conference will provide an opportunity to engage with colleagues from across the country on the issues, opportunities, and challenges facing the health care system in 2016. Leaders from industry, government and the non-profit sector will share best practices and lessons learned from grappling with real-world implementation issues as they strive to improve quality while reducing costs. We will hear about Performance Measures and Data to Implement Alternative Payment Models, Encounter Data and the Future of the Delegated Model, Innovative Approaches to Involving Specialists in Value-Based Payment and National Best Practices in Value-Based Payment Innovation and Implementation. Leading health plans and provider organizations will share observations from the front lines of product development and care delivery, while researchers will reveal what they have learned through studying success. Throughout the conference, practitioners actively engaged in the challenging work of improving our healthcare system will learn from each other, and accelerate our progress toward creating a higher-value system. In addition, the conference has become a great opportunity to reconnect on an annual basis -- we will be delighted if you can join us.
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