How might health care executives choose a value-based care model for their organization? What would you, as a current or future health care executive, need to consider in making this choice? Are there other leaders within your organization who you would want to involve in making this decision?
Questions such as these are critical for your role as a current or future health care executive. Ensuring that your organization makes the best choice of a value-based care model, while informing the board of directors and other departments, is a critical responsibility of your role. Practice in developing executive briefs that may be presented to the board of directors for a health care organization is meaningful in helping guide necessary and sufficient information to enact initiatives for health care delivery.
For this Assignment, review the resources for this week. Consider how you, as a current or future health care executive would choose a value-based care model for your health care organization. Reflect on those key points that you would highlight as most critical in an executive brief for your board of directors.
The Assignment: (1–2 pages)
- Write an executive brief that you would present to the board of directors that highlights your choice of value-based care model. Provide your rationale for choosing this model over others for your organization.
- Be sure to incorporate feedback and recommendations suggested by your colleagues in this week’s Discussion.
Please see resources below and attached.
Gehardt, W., Korenda, L., Morris M., & Vadnerkar, G. (2015). The road to value-based care: Your mileage may vary. Westlake, TX: Deloitte University Press.
MILLER, H. D. From Volume To Value: Better Ways To Pay For Health Care. Health Affairs, [s. l.], v. 28, n. 5, p. 1418–1428, 2009. DOI 10.1377/hlthaff.28.5.1418. Disponível em: Acesso em: 15 jun. 2021.
Expert Solution Preview
As a medical professor, I would recommend health care executives to choose a value-based care model that focuses on patient outcomes, quality of care, and cost-effectiveness. In choosing a value-based care model, healthcare executives need to consider the financial implications, technological requirements, and organizational readiness. Financial implications include the overall cost of implementing the model, the cost of technology and personnel, and the potential return on investment. Healthcare executives need to ensure that the value-based care model they choose aligns with the organization’s financial goals and priorities.
Technology requirements refer to the digital infrastructure necessary to support the model’s implementation. Healthcare executives need to evaluate their organization’s technological readiness and capacity to ensure that their systems can handle the data and analytics requirements of the value-based care model. Organizational readiness pertains to the cultural and operational changes necessary to adopt a value-based care model. Healthcare executives need to assess their organization’s capacity to adopt new approaches, break down silos, and collaborate across departments to deliver value-based care.
In making this choice, healthcare executives should involve other leaders within their organization, including clinical and non-clinical staff, finance and accounting personnel, and IT professionals, to ensure that the value-based care model aligns with the organization’s goals, vision, and unique needs. These leaders can provide insights into how the model might impact their department, resource allocation, and financial performance.
In summary, healthcare executives need to consider financial implications, technological requirements, and organizational readiness in choosing a value-based care model. They should involve different leaders within their organization to ensure that the model aligns with the organization’s goals and unique needs.
