Michael Chernew, PhD, director of Harvard Medical School's Healthcare Markets and Regulations Lab, led a session titled “Value-Based Insurance Landscape in 2021" that provided a broad look at various alternative payment model (APM) efforts put forth by the Centers for Medicare & Medicaid Services and how they both do and do not support a system that quantifies value over volume. In another session, panelists talked about the need for payers and providers to hold each other accountable as the transition to value-based care continues.
A major takeaway: we haven't found the perfect APM yet, and there's not going to be just one payment solution that works for all. But it's important to work together to come up with new ways of making sure that improving the value of care doesn't come at such a high cost, and that providers can continue supporting a system that puts patients first.
(Related: Value-based care often begins with the supply chain)