Describe two strategies to implement value-based healthcare, or if the organization has already implemented it, describe two strategies that were...

Question Describe twotwoa. Identify key stakeholders for eachb. Describe the role of each each strategies to implement value-based healthcare, or if the organization has already implemented it, describe strategies that were used. strategy. stakeholder forstrategy.c. Identify specific methods to measure the effectiveness of each strategy.This is what I currently have:Strategy One: cost-effective carea. All stakeholders involved are working to provide or obtain the same or better service at a reduced cost. For the payer (consumers, businesses, or taxpayers), decreasing the total cost of treatment is crucial to cover additional costs.b. Those compensated on a fee-for-service basis are incentivized to increase their production. Payers want to keep the total cost of treatment under control while maintaining service levels, while providers’ strategies are influenced by how they are compensated. Those who are paid on a capitated or risk-based basis are motivated to reduce utilization and care variation. Insurance companies want to have as many healthy members as possible while reducing per-member costs through negotiating favorable contracts with providers, denying payments, and limiting allowed operations and prescription formularies (Yong et al., 2010).c. Assessing the quality and effects of the engagement; identifying the engagement’s goals, scope, and home institution; organizing the stakeholder group; bringing stakeholders together and disseminating products; choosing who to collaborate with (Agency for Healthcare Research and Quality, 2019).Strategy two: quality improvementa. Stakeholders might include a wide range of persons and organizations, such as caregivers, policymakers, and clinicians. By including stakeholders in the process, one can help ensure that quality improvement (QI) efforts are implemented efficiently, achieve the desired goals, and contribute to long-term changes in the quality of health care (Agency for Healthcare Research and Quality, 2019).b. Involving stakeholders in QI efforts and activities can assist the state in several ways, including: Improving the transparency of initiatives to enhance quality; getting or increasing buy-in from key decision-makers; ensuring that QI initiatives are representative of a varied range of opinions; encouraging community to participate in QI activities; increasing capacity for current and future quality improvement efforts; improving the coordination of quality assurance initiatives; raising public awareness; and promoting state-level legislative changes. Stakeholder groups can also aid networking and collaboration, especially when they include experts and leaders from a variety of QI disciplines. When people incorporate a wide range of stakeholders early in the QI process, they are more likely to acquire relevant, timely, and actionable results, which will assist to ensure the initiative’s success. By fostering collaboration among stakeholders, the State and other entities pursuing health care QI can make better use of available talents and resources (Agency for Healthcare Research and Quality, 2019).c. Assessing the quality and effects of the engagement; identifying the engagement’s goals, scope, and home institution; organizing the stakeholder group; bringing stakeholders together and disseminating products; choosing who to collaborate with (Agency for Healthcare Research and Quality, 2019).This is the feedback I got: “The stakeholders for the first implementation strategy are identified as the payers (consumers, businesses, and taxpayers) and for strategy two the stakeholders include caregivers, policymakers, and clinicians but each of their roles is the same. Please differentiate between the roles of each identified stakeholder in relation to the implementation of each strategy.”These were the references I used, but more could be used as needed…Yong, P., Saunders, R., & Olsen, L. (2019). Institute of Medicine. Roundtable on Evidence-Based Medicine. https://www.ncbi.nlm.nih.gov/books/NBK53906/Young, W., Barett, D., Kenagy, W., Pinakiewicz, C., & McCarthy, M. (2001). Value-Based Partnering in Healthcare: A Framework for Analysis. Journal of Healthcare Management, 46(2), 112. https://doi.org/10.1097/00115514-200103000-00007 Health Science Science Nursing MSN NURSIN D026 Share QuestionEmailCopy link Comments (0)