The time is right for change in rural health. Over the past few decades, despite hard work from providers and patients, as well as investments from federal and state officials, rural hospitals are still closing at an unacceptable rate. Despite this continued trend, the problems facing rural health providers are not insurmountable. There is ample evidence that value-based payment provides a sustainable path forward as our health system moves away from a traditional fee-for-service framework. This was never clearer than when rural providers drew on their ACO practice transformation toolkit to get through the COVID-19 pandemic.
Download our new White Paper about the future of rural health and accountable care here.
Caravan’s Founder and newly appointed MedPAC commissioner Lynn Barr has long been a strong advocate for rural hospitals in value-based payment. In this new white paper, she tells the story of how and why she founded Caravan Health. Then an administrator at a small rural hospital, Lynn saw first-hand that rural hospitals lacked the incentives to maximize care quality and slow the growth of Medicare spending. Working together with other rural hospital leaders, she started the first National Rural ACO and played a major role in the ACO Investment Model, which proved that small, rural ACOs can succeed.
The work is not complete, Lynn discusses policy changes that could vastly improve the outlook for rural providers. Incentives in the Merit-based Incentive Payment System (MIPS), two-sided risk, and the recent delay of the ACO track of the Community Health and Rural Transformation (CHART) model are all potential barriers to rural ACOs realizing their full potential. With the right support and policies in place, the future is bright for rural value-based payment.
Contact Caravan Health to learn more about why we lead the nation in accountable health care.