Spectrum Health’s Revamp of Cardiovascular Services Compensation: Ready for Value-Based Care
Presented on: January 12, 2016*
Presented by: Dr. Darryl Elmouchi
As cardiovascular services remain a leading service line, many healthcare systems are seeking to stand out from competition while improving quality and value. At the same time, reimbursement is shifting from fee-for-service to a value-based approach. As a result, new physician compensation models are being developed to better adapt to the changing environment.
As Spectrum Health has transitioned to an integrated healthcare delivery system, their fee-for-service compensation structure needed an overhaul. They sought to shift focus from volume to value. However, the reimbursement model in place did not match this goal. Join cardiologist Dr. Darryl Elmouchi as he reveals how Spectrum’s cardiovascular service line compensation model has evolved, and how they plan to change cardiologist behavior, rebuild workflow, and increase responsiveness.
During this on-demand webcast, listeners will:
- Learn how Spectrum Health’s cardiovascular service line has evolved to accommodate the changes in healthcare reimbursement
- Discover the challenges faced by health systems operating under the standard fee-for-service models
- Understand how adopting a value-based approach can both improve value and rebuild workflow
- Learn about the metrics and business principles Spectrum Health uses to measure success
1. The history of Spectrum Health’s cardiovascular service line
a. The past and present states of the cardiovascular service line
b. Transitioning from an independent provider group into an integrated health system
2. Cardiovascular compensation models
a. Old fee-for-service model
i. Mixed incentives and mismatched goals
ii. No support of growth
3. Current cardiovascular compensation model
a. A value-based approach
b. “Taking the leap” to gain value
c. Rebuilding workflow
4. The future of compensation at Spectrum Health
a. The biggest drive is to give value
b. Discovering the most important metrics to measure success
i. New patient-oriented metrics
ii. Creating new ways to measure success using ICHOM principles
- How specific business practices can be applied to healthcare
Meet the Speaker
Dr. Darryl Elmouchi
Chief, Division of Cardiovascular Medicine
Who Should Attend?
C-level executives, service line directors, physician leaders, marketers, finance leaders
Webcast system requirements and program materials:
To fully benefit from the webcast experience, please note you will need a computer equipped with the following:
Internet: 56K or faster Internet connection (high-speed recommended)
Streaming: for audio/video streaming, Adobe Flash plug-in or Safari browser on iOS devices
Prior to the webcast, you will receive an e-mail with detailed system requirements, your log-in information, presentation slides, and other materials that you can print and distribute to all attendees at your location.
COULDN'T LISTEN LIVE?
No problem. The on-demand version is now available! Use it as a training tool at your convenience—whenever your new or existing staff need a refresher or need to understand a new concept. Play it once or dozens of times. A $279 value!
Participation in the webcast is just $279 per site. All materials must be retrieved from the Internet.
*This on-demand webcast is a rebroadcast of the August 2015 event due to popular demand.