Title: Value Based Purchasing for Physician Services
Dr. Jay Bhattacharya, M.D., Ph.D Professor of Medicine (CHP/PCOR)
Jay Bhattacharya is a professor of medicine and a CHP/PCOR core faculty member. His research focuses on the constraints that vulnerable populations face in making decisions that affect their health status, as well as the effects of government policies and programs designed to benefit vulnerable populations. He has published empirical economics and health services research on the elderly, adolescents, HIV/AIDS and managed care.
Research In Progress In order to control the growth of Medicare spending, the federal government has adopted a policy aimed at inducing physicians to form coordinated care organizations that assume part of the financial risk associated with low value care. At the same time, an alternative policy has focused on developing direct clinician levels measures of the value of care, and tied these measures to payment. The alternative policy leaves in place the structure of fee-for-service payment, but superimposes value-based purchasing incentives. In this talk, I will argue that the latter structure, properly implemented, is much more likely to succeed in transforming American health care to emphasize high value care.