This event examined innovative efforts in both the private and public sectors to move toward a health system that is more patient-centered, cost-efficient and delivers better outcomes. It will address efforts underway at the Center for Medicare and Medicaid Innovation (CMMI) and other federal agencies to spur innovation and prioritize a shift toward higher quality care, as well as the progress made by the private sector in improving quality and reducing costs through innovation.
This discussion focused on how to leverage the strengths of both the public and private sectors to drive, measure, and spread innovation. It will address questions such as the role of government in encouraging innovation, how the public and private sectors work together to promote innovation, and the risks involved with testing and utilizing new models.
If you were unable to attend the briefing, here are some key takeaways:
HHS recently announced goals to link Medicare payments to quality and shift away from the traditional Fee-for-Service model. According to Matthew Press, more than 50% of payments will be value-based in 2018. The agency hopes that this institutional change will simultaneously improve the quality of care, better incentivize providers, and lower overall health costs.
Wendy Everett, chief executive officer, The Network for Excellence in Health Innovation
An IOM report found that it takes an average of 17 years for an innovation to be adopted into a delivery system, Wendy Everett stated. State licensing and credentialing regulations are the largest barriers to rapid scaling, however stagnant health culture and stakeholder resistance to change also play critical roles. She went on to say that social media could be a helpful tool for innovators to rapidly share positive, disruptive results, which could shorten adoption time.
Daniel Riskin, chief executive officer, Vanguard Medical Technologies
Private sector innovation is not spurred by changes in payment models. Instead, infrastructural changes are key, Dan Riskin said. Attention should be funneled into creating infrastructure that ensures EHR usability and accurate quality measurement, and allows for increased interoperability. Data is currently being stored in silos, he added. As we move towards value-based care we should also focus on creating a fluid, standardized exchange of information.
Sarah Dash of the Alliance and Rachel Nuzum of Commonwealth co-moderated the panel discussion.
Contact: Monica Laufer email@example.com 202-789-2300
Follow the briefing on Twitter: #HCinnovation
Full Transcript (Adobe Acrobat PDF)