From Health Payer Intelligence:
Changes to patient care and payment design are required to further the progress of value-based care reforms within the healthcare industry, said CMS Administrator Seema Verma in a speech to the American Hospital Association (AHA).
During the AHA’s Annual Membership Meeting, Verma stressed that CMS is dedicated to promoting quality-based reimbursement, consumer-directed healthcare decisions, and cost transparency.
“Secretary Azar and I are working for competition and better value by moving away from a fee-for-service approach, to a system that is value-based – and that rewards value over volume,” Verma said. “This means paying providers on the outcomes they achieve, rather than how many procedures they perform.”
Verma said that CMS is developing new payment models to address challenges related to affordability and the cost of services.