A new infographic from national management consulting and certified public accounting firm PYA examines four key considerations for healthcare organizations in setting the pace for transitioning from volume-based to value-based reimbursement.
PYA (Pershing Yoakley & Associates, P.C.) has designed a new infographic as an additional resource to complement its recently published white paper, “Strategic Positioning for Healthcare Transformation: Timing Is Everything.” While the white paper provides an in-depth look at important factors for transitioning from volume- to value-based reimbursement, the infographic gives healthcare organizations a visual overview of the four key considerations in pacing the transition to value-based payments.
From governmental policy and local market forces to organizational profile and strategic intent, the infographic helps healthcare organizations approach the transition with thoughtful intent.
According to PYA Principal Scott Clay, “Success under value-based reimbursement requires walking a fine line between acting too quickly and waiting too long. The former can result in compromising an organization’s financial stability; the latter potentially exposes an organization to the risk of obsolescence. Knowing the considerations for setting the pace affords organizations a framework for successfully timing the transition.”
PYA offers extensive experience in developing and implementing tactics to assist healthcare organizations in traversing the transition from volume-based to value-based reimbursement. In addition to offering a suite of services, Population Health Ascend, PYA assists with strategic planning; CIN and ACO development; board education and retreats; market and competitive assessments; payer strategy and contracting; affiliation planning assistance; and service demand and financial assessment.