Financing that Rewards Better Health and Well-Being: A Workshop Series
The COVID-19 pandemic has highlighted the urgent need to transform our current model of health care financing from a system that rewards the volume of services to one that incentivizes real improvements in personal and population health. Despite some progress in recent years, the financial well-being of the health care system is still heavily dependent on the volume and utilization of health care services paid by fee-for-service payments. Shutting down elective surgeries temporarily dealt the health care system a deep financial blow, leading to a loss of 1.4 million health care jobs just in the month of April 2020 and triggering calls for additional emergency funding for hospitals. The fragility of our health care system has never been on such clear display, and the need for practice and payment reform has never been greater. At the same time, not all care delivery systems experienced the same financial hardships due to the decrease in patient visits because of the pandemic. How can we enhance integrated payment models that deliver whole-person health care to a community, as these models fared the best in terms of finances and patient care during the pandemic?
To inform this work, the NAM Leadership Consortium will convene a planning committee of experts, host a three-day symposium focused on accelerating movement away from fee-for-service and toward integrated payment approaches, and then author a NAM Special Publication identifying key priority action areas.
Workshop Dates and Times:
- Workshop Day 1: Envisioning an Integrated Health Care Delivery and Financing System | May 25, 2021 | 2:00 pm – 5:30 pm ET
- Workshop Day 2: Levers Underscored during the COVID-19 Pandemic | May 28, 2021 | 1:00 pm – 4:30 pm ET
- Workshop Day 3: Roadmap for Integrated Payment Approaches to Efficiency, Effectiveness, and Equity | June 2, 2021 | 2:00 pm – 5:30 pm ET
Where: Via webinar
In this workshop series, the National Academy of Medicine (NAM) will explore how to transform fee-for-service health financing approaches into integrated payment approaches designed to drive attention and incentives toward delivery models that are person-centered and holistic. The delivery models will focus on the advancement of individual, community, and population health by examining the advantages and complexities of effective and efficient financing through the lens of access, quality, coverage, and equity, as experienced during the COVID-19 pandemic.
The discussion will look to address five objectives:
- Describe the deficiencies in our current health delivery and financing systems for creating health and sustaining health care delivery in light of the COVID-19 pandemic.
- Identify and describe alternative payment models demonstrating major transformations in health care delivery and financing, address those deficiencies, and summarize their characteristics and designs.
- Describe how integrated financing approaches can be used to redirect payment for individual services that may be unnecessary or even harmful toward payment for care of the whole person, equitable population health outcomes, improved patient and provider experience, and reduced per capita costs.
- Evaluate how care models using integrated financing have adapted to the COVID-19 pandemic to create whole person-population health and remain financially viable.
- Identify practical strategies and financing approaches that effectively reward whole person-population health.
Day 1 of the workshop series will focus on envisioning an integrated health care delivery and financing system.
Day 2 of the workshop series will focus on examining innovative models and levers underscored during the COVID-19 pandemic.
Day 3 of the workshop series will focus on a roadmap for integrated payment approaches to efficiency, effectiveness, and equity.
Workshop Planning Committee
- Kisha Davis, Aledade
- Hoangmai Pham, Institute for Exceptional Care
- Andrew Bindman, Kaiser Foundation Health Plan
- Steven Cha, UnitedHealthcare Community & State
- Margaret Chesney, University of California, San Francisco School of Medicine
- Deena Chisolm, Nationwide Children’s Hospital
- Christopher F. Koller, Milbank Memorial Fund
- Peter Long, Blue Shield of California
- Joshua Sharfstein, Johns Hopkins Bloomberg School of Public Health
- Sarah Szanton, Johns Hopkins Bloomberg School of Public Health