Transform the Way You Develop Value-Based Payment Contracts with your Provider Network
Better models. Better insight. Better contracts.
Developing Value-Based Payment contracts that advance quality and provide savings presents unfamiliar challenges. The SpectraMedix VBP Contract Modeler streamlines the value-based contracting process, providing a collaborative solution to design, evaluate, negotiate, and reconcile mutually beneficial risk-based contracts on behalf of health plans and ACOs, IPAs, and other providers.
It models alternative financial and quality performance scoring methodologies, risk assumption options, and other contract terms for your commercial, Medicare, Medicare Advantage, and Medicaid business lines.
When integrated with the SpectraMedix VBP Performance Portal, it enables providers to identify patients with gaps in care, enact evidence-based interventions, and see the impact of the interventions on overall performance.
Supports tighter payer-provider alignment through transparency, providing a foundation for mutually-beneficial relationships that lowers costs, improves quality, and produces better outcomes.
How it Works
The SpectraMedix VBP Contract Modeler enables health plans and providers to model contract terms based on historic data to estimate pre-contract, concurrent, and post-contract performance.
Define
Define contracts that meet the needs of all parties based on their level of VBP readiness and experience.
Evaluate
Evaluate performance during the VBP contract period to support contract renewal and continued quality and clinical performance.
Reconcile
Reconcile VBP contract quality and financial results at the conclusion of each performance period.
Check out our latest VBP Contracting eBook
Four Ways to Accelerate Value-Based Payment Contract Adoption by your Providers explores how to accelerate the shift to VBP by your providers and create mutually beneficial payer-provider relationships that lower costs, enhance quality, and improve outcomes.
Base your contracts on the terms that matter most, including alternative budget methodologies, stop-loss limits, shared savings-loss corridors, and quality scoring.
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