Value Based Payment and Performance Capabilities
Millennium Collaborative Care Value Based Care Partner Capabilities:
- Conduct organizational and contractual assessments to identify and recommend Value Based Payment best fit options.
- Collaborate with business and clinical stakeholders to develop and produce performance management dashboards, summaries and tools to effectively identify and manage the quality and financial performance indicators associated with Value Based Payment arrangements.
- Support initial, ongoing and final financial monitoring and reconciliation.
Provider Quality and Performance Incentives
Since the inception of DSRIP, Millennium Collaborative Care has flowed over $53.3 million to our network provider partners. These dollars have been utilized to fund foundational and transformational activities across the entire continuum of care to uphold the highest standards of quality care and improve critical health outcomes for the population we serve.
Millennium also recognizes the importance of addressing the social determinants of health that create unique barriers within our populations and has funded an additional $8.4 million in projects and programs through partnerships with community-based organizations.
More services are not always better.
Healthcare Change means payments for medical services will be based on the quality and the value of the health care patients receive instead of the amount of services rendered. This Value Based Payments (VBP) system requires providers to work together to improve patient care and ultimately impact better health care for the communities providers serve. The objective is for a Value Based Payment System to create savings that can be shared throughout the health care system.