Value Incentives & Systems Action Collaborative
Financial incentives that drive accountability for population health
About the Value Incentives & Systems Action Collaborative
As one of four action collaboratives under the National Academy of Medicine’s Leadership Consortium, the Value Incentives & Systems Action Collaborative (VISAC) seeks to identify financial incentives that drive individual and community health and well-being.
Health care in the United States is, in many circumstances, the best in the world. Yet we pay more for health care relative to other nations to get results that, on a population basis, are just mediocre. Moreover, health care is unaffordable for many in need. The prevailing approach to health care payment—which focuses predominantly on fees for individual services rendered—lies at the center of the issue. While promising initiatives are developing to redirect financial incentives away from volume, there is a need to better align financial incentives with individual and community health goals. While misplaced dollars are the issue, intentionally directing those dollars to value for population health goals is the solution.
To address this persistent gap between spending and value, the VISAC works with government leaders, industry executives, clinicians, and other critical stakeholders —to identify payment methods that are aligned with shared expectations for health system performance. The VISAC aims to move the U.S. toward a health system that is affordable, efficient, and accessible to everyone.
Impact
Advancing payment models that improve health system performance and achievement of the goals that matter most to individuals, families, and communities.
Activities
Projects completed, under way, or under consideration by the VISAC include:
- Health Financing and Accountability Workstream: A component of the Commission on Investment Imperatives for a Healthy Nation, this workstream will describe alignment challenges, impacts and opportunities for improvement related to financial incentives, turning them to reward the achievement of individual and community health goals rather than merely volume. Workstream members will produce a background paper that will inform Commission deliberations on the associated opportunities, priorities, and implications dependent on correcting the alignment of values, incentives, policies, and actions.
- Private Investments in Health Workstream: A component of the Commission on Investment Imperatives for a Healthy Nation, this workstream will describe alignment challenges, opportunities, and impacts related to private equity and venture capital investment in health. Workstream members will produce a background paper that will inform Commission deliberations on the associated opportunities, priorities, and implications dependent on correcting the alignment of values, incentives, policies, and actions.
- Measures that Motivate: An analysis focused on aligning the measures that drive most health care payments with individual, community, and national health goals.
Meetings
May 30, 2024
Co-Chairs
Collaborative Organizations
Contact Information
Questions?
For more information, please contact [email protected].
