The stated purpose of the network is to work toward national payment reform.
“Ballad Health pledges its support for the (network's) new goals as it moves into its next phase of transforming payment reform.” Levine said. “We believe that adoption of these goals is essential to improving cost, quality and health equity objectives in support of value-based, person-centered care.”
The network is a group of public and private healthcare leaders working to revamp the American healthcare payment system. Instead of the traditional fee-for-service structure, the network advocates for alternative payment models that offer incentives for high-quality and cost-efficient healthcare.
Alternative payment models, which includes shared savings, shared risk, bundled payments and population-based payments, incorporate quality and total cost of care into the amount of money healthcare providers are reimbursed for the care they provide patients.
Levine said Ballad Health is an ardent supporter of the movement toward alternative payment models with shared accountability, which means all stakeholders within the healthcare system, including patients, are responsible for and contribute to the success of patient outcomes.
On Aug. 21, Levine participated in the inaugural Health Care Payment Learning & Action Network CEO Forum in McLean, Virginia, where executives and clinical leaders from around the nation discussed different ways to advance payment models that reward providers for quality and value of care.
“It is an honor to have been asked to serve with such influential leaders who can help move America’s health system forward,” Levine said. “As a member of the LAN’s CEO Forum, Ballad Health is proud to join a group of committed leaders in a shared effort to prioritize and execute key focus areas that can advance shared accountability for public and private payers around the adoption of alternative payment models.”
Some of the focus areas identified during the forum include: addressing social determinants of health; reducing ineffective care and utilization; increasing data transparency and improving analytic capabilities; adopting enhanced technology; facilitating market-based solutions; and implementing new population-based approaches.