GETTYSBURG, Pa. (April 11, 2021) —On April 7, 2021 OPEN MINDS launched The OPEN MINDS Value-Based Reimbursement Readiness Assessment 2.0, sponsored by Qualifacts + Credible and the Value Based Care for Behavioral Health online community. This tool focuses on six organizational and technical domains that are critical to making a successful transition:

  • Provider Network Management – Strategies to enhance provider networks
  • Clinical Management & Clinical Performance Optimization – Data analyzed to drive clinical decision making and process improvement
  • Consumer Access, Service Engagement – Processes to empower consumers and create engagement for improved health outcomes
  • Financial Management – Revenue cycle management and accounting procedures to support contracts
  • Technology & Reporting Infrastructure Functionality – Data leveraged to gain insight
  • Leadership & Governance – Leadership positioned for change management and alignment of strategy

“The focus on contracting for value-based care has intensified as we move into the post-COVID health and human service market,” said OPEN MINDS Senior Associate Ken Carr. “As this shift in market reimbursement accelerates, provider organizations need to assess the new competencies to shape a new business model required for success. This new business model aligns the organization around receiving compensation for delivering effective outcomes, instead of a focus the volume of services provided. The OPEN MINDS Value-Based Reimbursement Readiness Assessment Tool has now been streamlined to enable leadership teams to assess their readiness for value-based contracting ― with fewer assessment questions, updated recommendations, and a glossary. The revised tool is a first step toward building a value-based reimbursement strategy.”

Access to The OPEN MINDS Value-Based Reimbursement Readiness Assessment 2.0 is free, thanks to the generous Qualifacts + Credible sponsorship. The tool can be accessed here: https://vbcforbh.com/vbr-assessment/

After completing the assessment, a list of custom recommendations are provided to guide service provider organization’s action plan for service line development and infrastructure improvement.

About Value Based Care for Behavioral Health

Your platform for building success with value-based care. Serving consumers with chronic conditions and complex support needs is a long and winding path. Let us be your guide, providing your team with the navigation tools needed for the transition to value-based reimbursement

Value Based Care for Behavioral Health is the only authoritative resource on value-based reimbursement developed for executives of health and human service organizations serving consumers with complex needs. Brought to you by OPEN MINDS and Qualifacts + Credible. Learn more or join at www.vbcforbh.com.

About Qualifacts + Credible

Qualifacts and Credible have merged. And we’re laser-focused on helping Behavioral Health and Human Services agencies improve clinical outcomes, enhance operations and activate their full potential.

Please rest assured – the team and tech you love will remain in place. Providers will have the flexibility to choose and work with the two best-in-KLAS EHR solutions, CareLogic and Credible Behavioral Health. Our teams will continue to support both platforms and our agency partners from end to end.

Over time, we will fully bring to life the power and potential of this merger – to elevate agencies and create healthier communities – across our offering, team, and the industry. We’re excited for you to take this journey with us! Learn more

About OPEN MINDS

OPEN MINDS is a national market intelligence and strategic advisory firm focused on the sectors of the health and human service field serving consumers with chronic conditions and complex support needs. Founded in 1987 and based in Gettysburg, Pennsylvania, the 175+ associates provide market insights and innovative management solutions designed to improve operational and strategic performance. Learn more at www.openminds.com.

 

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