The Delivery, Results, Innovation and Value for Everyone Health Initiative sent a letter to President Donald Trump and HHS Secretary Tom Price, MD, urging several value-based healthcare changes including targeted deregulation and market-based purchasing strategies.
The letter also offered a policy blueprint featuring a plan of action based on several evidence-based points.
Here's what you should know.
1. DRIVE Health Initiative is urging the Trump administration and HHS to focus its policies on the following three elements:
- Consumer engagement and appropriate financial incentives — including the use of health savings accounts in high deductible plans, lower cost-sharing for chronic care management services and more flexible use of Medicare-facing value-based care.
- Alternate provider payment models — including prospectively-set payments for bundles, larger financial incentives for providers accepting two-sided financial risks, greater incentives for hospitals providing high-quality care and the increased utilization of Medicare ACOs and telehealth services.
- Transparency and performance measures — including stronger standardized outcome measures, the creation of aggregated databases including both payer and provider data and heightened interoperability requirements for EHRs and patient-generated data.
2. The Pacific Business Group on Health and The ERISA Industry Committee started the initiative.
3. Pacific Business Group on Health President and CEO David Lansky said in a release, "It's absolutely critical for the health of Americans and our economy that value-based care is quickly embedded in the healthcare system.
Policy makers must focus on what works to achieve these goals, and we know that value-based care helps to drive down costs and improve patient outcomes."
4. The initiative is advocating for stronger value-based measures because it feels the fee-for-service model is continuing to increase healthcare spending, which already outpaces the national gross domestic product and inflation.