A Georgia-based oncology practice has embraced a multifaceted approach to shifting away from the fee-for-service business model to value-based care.
To succeed in the transformation to value-based care, John K. Hudson, MD, and his colleagues at Augusta Oncology have a plan.
Hudson earned his medical degree from the Augusta-based Medical College of Georgia and has been a practicing oncologist for more than two decades.
Below, he shares the five-step process that Augusta Oncology has adopted to support the practice's quest to succeed in providing value-based care.
1. View Value-Based Care as an Opportunity
The rise of value-based care opens a new chapter for oncologists and their practices, one with its own set of processes, requirements and measures.
But it's critical not to get overwhelmed and lose sight of the exciting opportunity before us. Value-based care promises to reinforce a whole-person, team-based approach that will significantly improve the quality, accessibility, and affordability of the care we deliver to cancer patients and their loved ones every day.
Meanwhile, applying the most advanced treatments with greater efficiency ultimately benefits everyone in our healthcare system.
Christopher Cheney is the senior clinical care editor at HealthLeaders.