6 Ways Your Practice Can Increase Shared Savings
Thanks to practices like yours, we are proud to have achieved five straight years of shared savings. To help make next year’s results even better, follow these tips to make the most of your membership in VHAN.
As a reminder, shared savings distributions factor in both network-wide and practice-level performance: the better we do as a network, the more shared savings are available for individual practices. Also remember that starting with next year’s distribution, your practice’s performance on quality metrics will influence the amount of shared savings your practice can receive. You can review VHAN’s shared savings methodology here.
If you have questions about any of these topics or would like to schedule a practice assessment to improve your practice’s performance, email us at firstname.lastname@example.org.
1. Stay in touch with your network contacts.
Each member organization has an assigned VHAN Regional Medical Director, a Population Health Associate, and a Network Operations Director who can provide connections with network resources. These VHAN team members are here to help you solve problems and overcome challenges, so feel free to reach out any time with questions or concerns.
2. Read and use your gaps reports.
If your organization receives gaps reports via secure Box link, assign someone on your team to review and take action on these reports as they come in. VHAN has created these reports to offer insights into opportunities to improve quality metrics, and they are the single best source of information for what you need to do to meet shared savings quality metrics.
3. Attest to quality metrics.
Claims-based information doesn’t always accurately capture the complete picture of which patients have gaps. Therefore, in contracts that allow attestation, your practice can augment your performance by attesting to information in your medical record that the payer and VHAN may not know about.
4. Use the resources on the VHAN Hub.
VHAN Hub was launched fall 2019. It contains a wide range of resources for member providers, including toolkits, Care Paths, patient education materials, and recorded webinars. You can access these resources anytime, and VHAN staff are constantly adding new tools. If you have an idea for something that would be useful in the VHAN Hub, email email@example.com.
5. Put sustainable processes in place.
The VHAN member practices who are most successful in achieving shared savings didn’t get there overnight. For example, Goodlettsville Pediatrics, which was profiled in a recent quality measures case study, has built automated procedures into their Electronic Health Record (EHR) to ensure their patient panel is up-to-date and that quality gaps are documented and closed. For more information, download the case study on the Content Hub.
6. Apply quality best practices to all of your patients.
We realize that many of your patients may not be covered under VHAN contracts. But using best practices that the network offers to achieve quality measures can benefit all of your patients. Not only is it easier to use a unified quality process, it’s the right thing to do.