Valued-based purchasing is coming to long-term care facilities nationwide—and it’ll be here before you know it.
This payment model is designed to support the practice of resident-centered care—which many long-term care facilities have already implemented to some degree. Still, in an industry with deep traditional roots, particularly in regard to reimbursements, the shift in payment model may be jarring—and preparing for the change may be overwhelming.
But it doesn’t need to be.
With the help of a few tools and a little advance planning, you can help make your facility’s transition to value-based care a simple one.
“It's important that we stay ahead of the curve, and that's always a challenge,” says Michelle Bulger.
Bulger, alongside Patty Embree, vice president of innovation at Vincentian Collaborative System, will be co-instructing a conference session at the 2018 AADNS annual conference in National Harbor, MD, on this very subject. The June 29 session, called “Making the Move to Value-Based Care,” will shed light on practical, actionable steps and tools you can implement within your own facility today to prepare for this coming change.