Value Measurement for Health Care
Your Course of Study
This program focuses on the role of value measurement as part of a strategic agenda to transform quality and cost in health care. Other aspects of this agenda include organizing into integrated practice units around patient medical conditions, moving to value-based bundled prices for care cycles, and integrating care delivery across facilities.
You will explore the strategic and organizational challenges in implementing a value measurement system, including:
- Organizing and staffing a project for measurement of costs and outcomes
- Defining the medical condition and the care cycle
- Identifying the set of outcomes that matter to patients using the outcome measures hierarchy
- Mapping the processes of care and associated costs using the TDABC methodology
- Developing a data collection infrastructure to record outcomes and resource use
- Utilizing outcomes and cost data to innovate and improve care delivery and to enable bundled reimbursement models
- Creating and accepting new bundled payment contracts with public and private payers
- Reporting outcomes to referring providers, payers, and patients
- Recognizing barriers to change and how to overcome them
Value Measurement for Health Care will highlight specific opportunities to improve value by eliminating unnecessary processes or process variations that do not add value; improving resource utilization (staff, facilities); delivering the right processes at the right locations; matching clinical resources to the clinical process; speeding up cycle times; and optimizing costs over the full cycle of care by deploying value-based bundled payments.