VHA Inc. Webinar Series Offers Strategies for Transitioning to Value-Based Payment Model

IRVING, Texas, Sept. 25, 2014 /PRNewswire/ -- Transitioning from the traditional fee-for-service payment model to one based on value uniquely impacts every area of a hospital. To help hospitals and health systems nationwide, VHA Inc. today announced it is hosting a series of five free webinars that offer strategies designed around the distinct financial, clinical, operations and supply chain challenges leaders are facing in this transition.

"The value based payment model is one of the most significant changes for hospitals and health systems coming out of health care reform and the financial stakes are high. Hospitals and health systems that aren't able to transition will be at risk for meeting required quality metrics. This will result in lower reimbursements from government agencies and payers as well as declining margins," said David Markoski, senior vice president for VHA Performance Services.

"VHA understands the requirements of a value based model as well as the specific strategies necessary to successfully make the transition. Through our Volume to Value webinar series, we will share real-world examples, success stories and strategies to help healthcare organizations effect meaningful change," said Markoski.

The one hour webinars are designed for hospital executives with clinical, operational and financial responsibilities and will be led by VHA experts with insights from representatives of member hospitals. The webinars are offered at no cost and are open to all health systems nationwide. The webinar dates and topics are:

• October 2 at 1 p.m. (CST) — Fundamentals for Supply Chain Operations Transformation: How INTEGRIS Health Did It
  Learn how INTEGRIS Health transformed their supply chain operations and the impressive and lasting results that followed.
• October 30 at 2 p.m. (CST) — Transitioning from "Value of Products" to "Value of Care" through Analytics
  This session will focus on strategies that help organizations engage analytics and advisory services to advance the maturity of their value analysis process.
• November 5 at 1 p.m. (CST) — Make Your Service Lines the Starting Line: Accelerating  the Journey from Volume to Value
  Join this session to learn about leadership, culture and care delivery strategies to achieve the highest total value per case across your patient populations.
• November 20 at 1 p.m. (CST) — Put Your House in Order: A Strong Foundation for Value with Comprehensive Cost and Margin Improvement
  Effectively manage total cost of care to improve financial performance, with a focus on case management, productivity and operational efficiencies, and improved cost and utilization strategies across your organization.
• December 18 at 1 p.m. (CST) —Uncover Your Hidden High Performer: Pharmacy's Strategic Value
  Attend this session for a look at strategies that raise the value of the pharmacy to improve outcomes and take advantage of opportunity for growth and profitability.

About VHA Inc.

VHA Inc. is a national network of not-for-profit health care organizations working together to improve performance and efficiency in clinical, financial and operational management. Since 1977, when VHA established the first hospital membership organization, the company has applied its knowledge in analytics, contracting, consulting and network development to help members and customers achieve their strategic objectives. In 2013, VHA delivered $2.2 billion in savings and additional value to members. Serving approximately 5,000 health system members and affiliates, VHA represents more than a quarter of the nation's hospitals. VHA also serves more than 118,000 non-acute health care customers enterprise-wide. VHA is based in Irving, Texas, and has 12 regional offices across the U.S. VHA, together with UHC, owns Novation, a supply chain company, and aptitudeTM, the health care industry's first online direct contracting market. VHA also owns Provista, a supply chain company serving the non-acute market as well as hospitality, education and corporate markets. For more information, visit www.vha.com and follow us on Twitter (@VHAInc).

SOURCE VHA Inc.