Many medical groups and health systems continue to struggle on how to create a fair, equitable, and incentive-based distribution model for shared savings. Many other organizations have yet to embrace risk-based contracts. Summit Medical Group closed eight transactions in the past 12 months, and none had risk-based contracts in place. This session is for those who have been in the value-based care (VBC) space for years and have not adjusted along the way based on performance metrics, and those who have yet to step into risk-based contracts. Compensation/distribution models must adjust to market shifts, and the need to incentivize providers to fully participate from a good citizenship, quality and expense management perspective. Summit’s model has matured and evolved over the past decade to enhance the practice of medicine and the results for our shared savings programs. Today the entire VBC program is very successful, and the catalyst has been an engaging and evolving physician compensation model. Attendees will experience a two-way dialogue and take away a development and methodology strategy to successfully tackle the VBC compensation issue around upside and downside risk.
Learning Objectives:
Produce a successful VBC distribution model
Manage the model year over year to enhance physician engagement
Use the appropriate metrics that ensure the model has a positive impact on patient care while lowering costs
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