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Transitioning Towards Value-Based Care: A Solution to the Current Healthcare Crisis

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Dr. Jessica Nelson
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Transitioning Towards Value-Based Care: A Solution to the Current Healthcare Crisis

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With rising concerns over the fee-for-service healthcare system, the health industry is seeking a radical shift. The current model, which incentivises waiting for individuals to fall sick before engaging in their health, has led to expensive, wasteful care and an increasingly unhealthy population. Fortunately, innovative organizations like Intermountain Health are paving the way for change, focusing on a value-based model that prioritizes patient wellness.

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A Simpler Way for Better Health

As Rob Allen, President and CEO of Intermountain Health, highlights in his article, the need to rethink the healthcare system is pressing. With 62% of consumers finding the current system confusing, the call for simplification and streamlining is louder than ever. The solution, Allen suggests, lies in a value-based model that aligns incentives with the health of the community. This is precisely what Intermountain Health is striving to achieve.

Continuous Improvement and Escalation Process

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To address healthcare challenges and improve workflows, Intermountain has implemented a continuous improvement digital portal and a tiered daily escalation huddle process. By partnering with caregivers and patients, they aim to improve health for all in the communities they serve. This approach is a testament to their commitment to delivering value-based care.

Implementing Value-Based Care in Practice

Intermountain Health's value-based care commitment is not just rhetoric. As evident from their various programs and initiatives, they are taking concrete steps towards this shift. Whether it's the Seacrest Studio at Intermountain Primary Children's Hospital or partnerships with digital behavioral health providers like Headspace, they are demonstrating what value-based care looks like in practice.

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Building the Future of Healthcare

Intermountain Health is not alone in this journey towards a more effective, patient-centric healthcare model. Other industry leaders, like Michael Hancock, executive director of operations transformation for Castell, an Intermountain Health company, are also playing a crucial role. Hancock, featured in a Weber State University article, has been instrumental in realigning incentives to drive excellent value-based care.

Technology and Value-Based Care

The role of technology in transitioning towards a value-based healthcare system cannot be overstated. Hemant Taneja, CEO and managing director of General Catalyst, has partnered with organizations like Intermountain Health to connect the healthcare sector with digital technology on a large scale. As mentioned in a Modern Healthcare article, Taneja's firm aims to help health systems adopt digital platforms and embrace value-based care, underscoring the intersection of technology and value-based care.

In conclusion, the current fee-for-service healthcare system is no longer sustainable. A shift towards a value-based model, as demonstrated by Intermountain Health, is the need of the hour. By aligning incentives with patient health, simplifying the healthcare experience, and leveraging technology, we can build a healthcare system that truly serves the community.

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