Value-driven health care purchasing: four states that are ahead of the curve : overview

Value-driven health care purchasing: four states that are ahead of the curve : overview

Collection:
Health Policy and Services Research
Author(s):
Silow-Carroll, Sharon, author
Alteras, Tanya, author
Contributor(s):
Commonwealth Fund, issuing body.
Publication:
[New York, New York] : Commonwealth Fund, August 2007
Language(s):
English
Format:
Text
Subject(s):
Cost Savings
Health Care Coalitions
Quality of Health Care -- economics
Massachusetts
Minnesota
United States
Washington
Wisconsin
Genre(s):
Technical Report
Abstract:
Health care purchasers, suppliers, and consumers are rallying for better-quality health care. In response, several states are pursuing value-based purchasing (VBP) initiatives that emphasize collection of quality-of-care data, transparency of quality and cost information, and incentives. In this overview of public/private VBP efforts in Massachusetts, Minnesota, Washington, and Wisconsin, the authors find that tiered premiums, pay-for-performance measures, and the designation of high-performance providers as "centers of excellence" are paying off. Minnesota, for example, has used incentives to achieve about $20 million in savings in 2006. Similarly, Wisconsin's Department of Employee Trust Funds has announced premium rate increases in the single digits for the third straight year. More research is necessary to determine the true impact of VBP, but health plans and providers are paying attention to and learning from these current efforts. (Note: Accompanying the overview report are four separate state case studies, available at http://www.commonwealthfund.org/publications/publications_show.htm?doc_id=515778.)
Copyright:
Reproduced with permission of the copyright holder. Further use of the material is subject to CC BY license. (More information)
Extent:
1 online resource (1 PDF file (x, 29 pages))
NLM Unique ID:
101316477 (See catalog record)
Permanent Link:
http://resource.nlm.nih.gov/101316477