In an effort to curb unnecessary procedures and rein in costs, more organizations are turning to value-based care (VBC) strategies. In this article, Mercer’s chief actuary, Molly Loftus, lays out an action plan employers can follow to get started. After taking these initial steps, you’ll be in a better position to conduct an analysis of utilization and claims data to identify where VBC offers the greatest potential in a given location. This type of analysis will help ensure your pay-for-value strategy addresses both the needs of your population and the characteristics of the local healthcare market, maximizing your opportunities for success.
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