Infographic: TRICARE’s Potential for Value-based Insurance Design

Friday, March 4th, 2016
This post was written by Melanie Matthews

With TRICARE costs on the rise and increased cost-sharing leading to reduced use of high-value clinical services, TRICARE would benefit from a value-based insurance design (VBID) approach, according to a new infographic by the University of Michigan V-BID Center.

The infographic looks at the impact of VBID and compares the current TRICARE plans to VBID plans.

Healthcare’s inevitable shift from volume to value-based reimbursement is reflected not only in Medicare’s alternative payment timeline but also in the waves of commercial payors now evaluating and rewarding providers on the basis of quality of care delivered rather than number of services provided. Adding to its roster of quality-centered payment models, CMS announced in 2015 plans to explore value-based reimbursement for Medicare Advantage and home health.

2015 Healthcare Benchmarks: Value-Based Reimbursement captures the healthcare industry’s reaction to payment formulas for value-added care, and how this shift away from fee-for-service is transforming care delivery and quality.

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