Newsletter

September 7, 2021

 

 

News Spotlight:

ACO Savings Support Case for Value-Based Care

Of the 513 accountable care organizations that participated in the 2020 Medicare Shared Savings Program, 67% earned shared savings payments of nearly $2.3 billion, according to performance data recently released by the Centers for Medicare & Medicaid Services. The ACOs in the MSSP saved Medicare approximately $1.9 billion, marking the fourth consecutive year of net savings for Medicare, according to CMS. MSSP is a CMS value-based care initiative that promotes accountability for patient populations and fosters coordination of items and services under Medicare Parts A and B.

The idea behind ACOs is to give providers incentives and tools to deliver high-quality, coordinated, team-based care that proactively promotes improved health for all patients, reducing fragmentation in patient care and cost.

Although risk has prevented many providers from moving forward with value-based payment models, the pandemic revealed the benefits of the risk involved in taking on accountability for a defined patient population versus remaining tethered to a traditional fee-for-service paradigm, according to a feature story in Healthcare Executive.

Learn more about the case for value-based care and what organizations can do to adopt such models. You can also catch up here on the ways in which the current administration could replace volume with value-based incentives.

Learn How to Lead Partnerships Across the Ecosystem

Achieving high-quality patient care requires collaboration and coordination across diverse sectors. Developing the innovative partnerships and leadership necessary to address issues like reimbursement, investment, optimizing technology and data sharing is crucial for success. From Sept. 29 to Nov. 10, “Leading Partnerships Across the Ecosystem to Drive Value and Transform Health” will help executives develop and demonstrate the mindset and skills needed to create and implement cross-sector solutions to improve access, optimize value-based payment models and promote healthier communities. During this course, attendees can earn up to 6 ACHE Qualified Education credits while learning about the four key capabilities of the Health Ecosystem Leadership Model. They’ll have an opportunity to apply and obtain feedback about the model’s capabilities as it relates to a situation relevant to participants’ respective environments and evaluate ways to replicate the model to improve community health outcomes. Register today.

Don’t Wait Until It’s Too Late—Recertify Your FACHE® Today

If you are an ACHE Fellow whose credential is set to expire this year, now is the time to recertify. This includes Fellows whose credentials were set to expire in 2020 who were granted an extended deadline of Dec. 31, 2021, to accommodate challenges posed by the pandemic. Don’t delay. ACHE encourages Fellows who have met the requirements to recertify now. In addition, any continuing education hours and volunteer activities earned during the remainder of the year—after you have recertified—may count toward your next recertification cycle. Fellows can recertify in three easy steps:

  • Complete 36 hours of continuing education activities (12 hours must be ACHE Face-to-Face Education) or retake and pass the Board of Governors Exam.
  • Complete four volunteer activities.
  • Pay the recertification fee of $200 when you submit your recertification application by the Dec. 31 deadline.

You can learn more about the recertification process by visiting ache.org/FACHE and selecting the Maintain/Recertify My FACHE button from the menu.

Additionally, if you are over the age of 60 and will retire within the next five years, you may be eligible for a one-time only five-year recertification waiver. For more information, please contact Customer Service at (312) 424-9400 or contact@ache.org.

Current Fellows who are in good standing and are retired from healthcare management may transfer to Retired Status or Life Status. Learn more about the FACHE(R) and LFACHE designations here.

New Book: Navigating the Healthcare Workforce Shortage

Faced with an already significant workforce shortage that was only exacerbated by the COVID-19 pandemic, healthcare leaders have no choice but to tackle this pressing issue. Navigating the Healthcare Workforce Shortage: How to Safeguard Your Organization’s Most Important Asset provides simple, practical and proven strategies for healthcare leaders trying to overcome their workforce challenges. Authors Tresha D. Moreland, FACHE, and Lori Wightman, DNP, RN, NEA-BC, identify six key levers, such as shaping a better workplace culture, that executives can use to address shortages within their own organizations, and examine new problems posed by the pandemic.

The Health Administration Press Summer Sale ends today, so be sure to order your copy now. Members will receive an additional 20% off this and other already-discounted HAP books when they use the promo code SUMMER21 at checkout.

2021 Key Industry Facts Available Online

We are pleased to offer the 2021 edition of Key Industry Facts. Prepared by ACHE’s Executive Office, Research, Key Industry Facts provides annual updates on healthcare spending and other vital information. It is available on HealthcareExecutive.org/KIF and ache.org. We hope you find it to be a valuable resource. 

Experience the Rich Rewards of a VA Leadership Career

When he left the Air Force, David Perry didn’t know where to go with his career. He didn’t consider a career at the Department of Veterans Affairs, thinking they only hired healthcare professionals. Perry quickly discovered there is a world of opportunities beyond direct patient care in the nation’s largest integrated health system. Now, he serves as chief officer of workforce management and consulting for the Veterans Health Administration.

We are here to support healthcare leaders in all stages of their careers, including those who are transitioning from military to civilian roles. If that describes you, you’ll want to read this ACHE Blog post to learn more about the opportunities and generous benefits available to VA employees. 

Visit ache.org/Blog for more expert thought leadership at your fingertips.