Activate alternative payment models and value-based insurance design, all with one solution
- An episodes of care alternative payment model (APM) financially rewards providers based on the holistic health outcome of a patient over the entire course of treatment for a condition or illness. Episodes of care simplify healthcare financing by bundling all services and costs related to the treatment together under one guaranteed price tag.
- Value-based insurance design (VBID) aligns plan members’ out-of-pocket costs with the value of health services received while removing barriers to necessary care and introducing barriers to unnecessary care. Value+ uses unique cost-sharing and incentive mechanisms to encourage plan members to seek high-value care providers.
How Value+ Plan Designs work
- Activate a high-value provider network
Value+ Plan Designs identify, contract, and engage local, regional, and national high-value providers that are clinically and financially accountable for better outcomes over entire health episodes. By pre-negotiating episode prices with participating Value+ providers – then steering members towards the highest-performing based on cost and quality – healthy competition is created by delivering high-quality care at a reasonable cost.
- Secure fixed, guaranteed prices
Value+ Plan Designs secure fixed prices for episodes that address 60% to 100% of total medical costs, depending on the plan sponsor’s configuration choices. We offer the widest breadth of episodes available today, spanning chronic conditions, procedures, maternity, behavioral health, substance abuse, and more.
- Incentivize high-value care
Customized and flexible incentives programs encourage plan members to seek the highest-value, episode-contracted providers when experiencing a qualified health episode. These incentives are often in the form of significantly reduced out-of-pocket expenses and/or cash bonuses. Plus, transparent quality and price information helps plan members make the right choices along the way. When choosing a Value+ provider, plan members will never receive an unexpected bill for health care expenses - and despite the lower plan member cost-sharing, the plan can maintain its current actuarial value or even improve it.