Gettysburg, Pa. (November 25, 2018) – OPEN MINDS has announced their popular seminar on the competencies needed for success with value-based reimbursement, Succeeding With Value-Based Reimbursement: An OPEN MINDS Executive Seminar On Organizational Competencies & Management Best Practices For Value-Based Contracting, will take place at The 2019 OPEN MINDS Strategy & Innovation Institute on June 5, 2019 from 2:00pm – 5:00pm.
Recent surveys show that only about 40% of provider organization executives report being ready to implement value-based reimbursement (VBR), and only about one third of specialty provider organizations are already participating in VBR arrangements with payers (see The 2018 OPEN MINDS Performance Management Executive Survey: Where Are We On The Road To Value? and Pay For Value—The Glass Half Full, The Glass Half Empty? to learn more). But while the shift to VBR has been slow, the move to alternative payment models is increasing. Medicare has moved at least 30% of their reimbursement to alternative payment models, with the goal of 50% by the end of 2018, and there are at least 22 states (58%) with requirements for alternative payment models in their Medicaid managed care contracts (see The Push For Value-Based Reimbursement From State Medicaid Plans). To prepare for this shift to VBR, provider organizations need to develop new organizational infrastructure, as well as new technical and financial competencies to make the transition successfully. For executive teams of provider organizations, developing these new functional capabilities is key to sustainability and success.
“The transition to VBR presents new organizational, technical, and cultural challenges for specialty provider organizations that demand the creation of a new strategy for sustainability,” said Sarah Threnhauser, Executive Vice President, OPEN MINDS. “In this seminar, we will discuss how the shift to value-based reimbursement is impacting specialty provider organizations, the key competencies organizations need to succeed in the new VBR environment, and best practice solutions to assist with organizations as they align their finances to better embrace the shift.”
This executive seminar is designed to help provider organizations serving complex consumers navigate the management challenges of managing the transition to value-based reimbursement by focusing on the organizational and technical competencies organizations need to make the transition successful. By attending this seminar, executives will gain the ability to evaluate their organization’s readiness for value-based reimbursement, identify areas their organization can improve to prepare for the transition to VBR, and learn new competencies for success in a changing value-based market. In the seminar, attendees will:
- Review the key competencies their organizations need to prepare for value-based reimbursement, including leadership, organizational infrastructure and financial management; technology infrastructure functionality; provider network management and clinical performance optimization; and consumer access and engagement.
- Discuss how to assess their organization’s preparedness for VBR and steps to address gaps in organizational readiness
- Explore examples of organizations that have gone through the readiness assessment process to prepare for value-based contracts
This executive seminar will be led by OPEN MINDS Senior Associate, David Wawrzynek, MBA. Mr. Wawrzynek brings more than 40 years of public behavioral health, clinical, financial, and management experience to the OPEN MINDS team. View Mr. Wawrzynek’s full bio here: https://www.openminds.com/team-members/david-wawrzynek-mba/.
The 2019 OPEN MINDS Strategy & Innovation Institute is the premier national meeting focused on the strategy, service line development, and innovation management tools executive teams need to move their organization from the concept of value-based reimbursement, to success in the new financial normal. The Institute will return to the Sheraton New Orleans in New Orleans, Louisiana, from June 3-5, 2019.
Registration for this one-of-a-kind program is limited and early registration is recommended. Individual registrations for the seminar are now available. Registration for the seminar is also available as part of an All-Access Institute Pass, which gives attendees access to all institute activities, seminars, and summits. Learn more about the registration options at https://strategy.openminds.com/register/.
For additional questions and inquiries, please contact Sarah C. Threnhauser, Executive Vice President, OPEN MINDS or Stacey Cotton, Institute Director, Education Programs at 717-334-1329 or firstname.lastname@example.org.
ABOUT OPEN MINDS
OPEN MINDS is a national market intelligence and strategic advisory firm focused on the sectors of the health and human service field serving consumers with chronic conditions and complex support needs. Founded in 1987 and based in Gettysburg, Pennsylvania, the 175+ associates provide market insights and innovative management solutions designed to improve operational and strategic performance. Learn more at www.openminds.com.