6 revenue cycle objectives for the transition to value-based payment models

To take advantage of the significant financial incentives of value-based payment models, leading specialty medical practices have identified six targeted objectives for the transition from fee-for-service to value-based revenue cycle models.

To maximize revenue, these practices are focusing on value, delivering high- quality care while managing total costs, and managing risks associated with two-sided payment models. To do so effectively, some are adopting new technologies to both access clinical and financial data from across disparate sources, as well as analyze this data in real-time to drive continuous quality and operational improvements.