HCTTF White Paper - Success of Value-Based Programs Based on High-Value Care
Paper from Health Care Transformation Task Force, co-authored by payers (Aetna, HCSC, , etc.) and providers (Trinity, Ascension, Dartmouth-Hitchcock, SSM, etc.) and RowdMap, on creating sustainable economic value models. Value-based programs should reduce low-value care. "Low-value care is the single largest driver of unnecessary costs, roughly three percent of Gross Domestic Product (GDP), so mitigating low-value care creates an immediate, demonstrable financial impact." The measure of success for a value-based program is whether it creates high-value care. "A provider may improve outcomes for a patient, but if a disproportionate amount of low-value care is generated in the process, there will be no savings."