Embracing value-based care can open up new revenue opportunities for many provider types, such as community health centers that often already perform at levels that would qualify them for value-driven incentives. Adding these diversified revenue streams can enhance financial sustainability in a time of high uncertainty, tight margins and increasing competition in the marketplace.
Investing in a long-term vision for the future of care
While it can be helpful for executives to think in terms of yearly cycles, they cannot afford to limit themselves to a 12-month view of risk and reward. Healthcare is a long-term game, and ROI often takes years – if not decades – to fully show itself.
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Thinking strategically and holistically about future goals will help foster creative, forward-thinking decision-making that adequately prepares the organization to thrive in an unpredictable environment.
In addition to addressing immediate priorities, the C-suite should consider setting five- and ten-year goals while focusing on building mutually beneficial relationships with payers, technology companies, provider partners, and community-based organizations.
Making a multi-year commitment to digital maturity, coordinated clinical care, value-based reimbursements, and workforce development will be the most effective way to avoid the feeling of being caught short each January by the change in the calendar. With visionary thinking and an eye toward innovation, executive teams will be better prepared to overcome challenges and lead their organizations to a more productive and sustainable future.
About the author: Selase Dow is chief operating officer of Yuvo Health, a leading technology, operational, and administrative solution uniquely designed to give community health centers an advantage in value-based care. He is responsible for building and scaling the company’s value-based care operations to ensure success for their Federally Qualified Health Centers (FQHC) partners, which includes managed-care contracting, customer success, and both internal and client operations.
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