- Health care spend via value-based care set to double by 2020
- Local insights and customization critical to achieving the ‘triple aim’ of value-based care
Mercer today announced the launch of a suite of solutions to help employers navigate the growing market for value-based care,* one of the core strategies that will drive the transformation from a fee-for-service to a fee-for value health care delivery model. Millions of Americans already receive their health care through a value-based care model, while health care reimbursement via value-based care is supposed to more than double by 2020 (20% to 46%)**.
Using proprietary and industry data as well as innovative technology, Mercer has developed a way to help employers assess what value-based care approaches are right for them, what opportunities exist in key local markets to support these approaches, and how to implement and communicate appropriately with the target employee populations.
“We see value-based care as a potentially game-changing approach to achieve the much discussed ‘triple aim’ of reducing health care costs, increasing the quality of care and improving the patient experience,” said Molly Loftus, Mercer’s Chief Health Care Actuary. “We believe, however, that value-based care can only deliver on these goals if programs are not only carefully and properly structured and deployed, but also managed at the local-market level – the place where health care actually happens.”
Mercer’s new full suite of value-based care solutions includes:
- Mercer Health Care Value Finder™ – an iPad app that helps identify ‘hot spots’ by market and then aligns available value-based care models to each in order to help clients define their opportunity market or markets
- Mercer Map Your Course™ – a Q&A assessment that helps map the value-based care starting point for a given employer
- Market Profiles – market by market ‘deep dives’ that describe the opportunities and challenges of implementing value-based care in a particular location in terms of care hot spots, macro-economic dynamics and available care models
- Market Action Map – an outline of activities needed to take place in order for an employer to finalize and execute a given value-based care strategy
In addition to these resources, Mercer has created a comprehensive summary of the national carriers’ value-based care strategies and approaches along with RFP, communications and measurement support tools.
To learn more about Mercer’s point of view on value-based care and the related solutions offered to clients, please visit https://www.mercer.us/what-we-do/health-and-benefits/strategy-and-transformation.html.
*Note to editors – Mercer defines value-based care as the shift in health care organizational and payment models from volume (“do more”) to value (“do better”).
** Source: Proprietary Oliver Wyman analysis 2014
Mercer is a global consulting leader in talent, health, retirement and investments. Mercer helps clients around the world advance the health, wealth and performance of their most vital asset – their people. Mercer’s more than 20,000 employees are based in more than 40 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With 57,000 employees worldwide and annual revenue exceeding $13 billion, Marsh & McLennan Companies is also the parent company of Marsh, a leader in insurance broking and risk management; Guy Carpenter, a leader in providing risk and reinsurance intermediary services; and Oliver Wyman, a leader in management consulting. For more information, visit www.mercer.com. Follow Mercer on Twitter @MercerInsights.