on February 21, 2012 |
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Topics: Cardiovascular, Service Lines, Reimbursement, Finance, CMS, Standards and Regulatory Policy, Information Technology, Data Strategy, Cost Management, Margin Performance, Cost and Productivity, Efficiency, Performance Improvement
Eric Bushlow
Earlier this month, the National Quality Forum (NQF) endorsed four new measures aimed at tracking resource utilization within certain patient populations. The measures center on diabetes and cardiovascular care costs, requiring organizations to measure per member per month expenditures within each cohort. Maybe not surprisingly, CMS intends to add a similar measure to their VBP program aimed at isolating Medicare spending per beneficiary (MSPB).
These tandem efforts to redefine value of care may be indicators of what’s to come—increased scrutiny over total-cost-of-care management. As risk begins to shift towards providers with the advent of new payment models, organizations must learn to both understand and then inflect total cost of care in order to remain financially viable.
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NQF endorses four new measures to redefine value of care
