Building a Value-Based Performance

Saturday, Sept. 10 – 1:30 - 5:15 p.m

Radiology’s future will in large part depend on a significant focus on pricing and the customers’ willingness to pay, both of which hinge on a clear understanding of the derived value of services provided.

There is increasing discussion on how radiologists should view their practices in terms of the value they add to the larger health care enterprise. The challenge is figuring out how to convert this appealing but nebulous idea into something more specific and actionable?

This session, grounded in finance, will cover ideas to help you think more rigorously about value and adding value. How do you associate a value to an activity? How do you separate what are truly value-added activities from those that are not? What to do more of, less of, and to stop doing? How do you transition an imaging practice to a more value-added focus?

The ideas covered in this session will also help you in rethinking your organization’s operations and business model.

Resources

The Value of Hard Work
Find out how Samir B. Patel, MD, tangibly showcased his practice’s value to his administration via the value-based matrix.

Most Valuable (Radiology) Practice
Find out how to become a value-based practice with these suggestions from the ACR Managed Care Committee and RBMA

The Total Value Equation: A Suggested Framework for Understanding the Value Equation in Diagnostic Radiology
What is value, and when speaking of value creation strategies, what is it exactly that is meant?

The Strategy that will Fix Health Care
The strategy of value-based care

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