This episode of Foresight Radio explores the concept of value-based care and why it’s a hot topic in health care and senior living. Guest Brian Fuller explains how value-based care is shifting health care from a fee-for-service model to an outcome-driven approach focused on both cost and quality. He highlights that accountability is at the core of value-based care, meaning organizations must take ownership of patient outcomes and financial risk.
The episode covers:
- Value-based care = accountability: Organizations are responsible for both quality of care and cost management.
- Three core models of value-based care:
- ACOs – Full accountability for a patient population.
- Episodes of care – Managing costs within a set time frame.
- SNPs – Specialized Medicare Advantage plans for high-need groups.
- Why is VBC a hot topic now?
- The aging population is moving into higher-risk categories (75+ and 85+).
- Health care costs are growing at an unsustainable rate.
- Value-based care is the only bipartisan-backed solution to improve care and reduce costs.
- Senior living’s role in value-based care
- Senior living is shifting from hospitality to health care.
- Residents expect integrated, whole-person care.
- Providers must start engaging in value-based care strategies now to stay relevant.
- Getting started with value-based care
- Understand your market and unique opportunities.
- Invest in data, analytics, and care models.
- Plan for scalability and long-term success.
Is your organization ready to embrace value-based care?
