Financial Consulting for Value-Based Care
At FRG, financial consulting for value-based care (VBC) has played a huge role in our clients’ success in healthcare. Our team of experts delivers action plans, progress reports, and industry insights based on comprehensive reviews of an organization’s financials.
In this article, we’ll highlight the personalized advisory services FRG offers risk-bearing MSOs and IPAs to help them get the most out of AccuReports.
FRG’s Advisory Services
Since 1999, FRG has provided timely and efficient advisory services to clients. FRG’s advisors provide one-on-one sessions with clients to identify performance improvement opportunities and design action plans to achieve them. FRG also provides online training to new AccuReports users. FRG also provides tailored financial modeling, settlement and capitation reports.
Advisory Services at a Glance
- One-on-one access to advisors with over 25 years’ industry experience
- Fresh insights and actionable recommendations from AccuReports creators
- Regular reporting tailored to the company’s vernacular and goals
- Consultative approach with a vested interest in your success
FRG’s advisory services team helps clients measure and monitor KPIs (key performance indicators) as well as spot trends and outliers.
The Importance of Regular Communication In VBC
Regularly, FRG’s team provides explanations on the updated monthly reports to ensure clients receive the information they need to make decisions within AccuReports while also following up on any previous issues that might need to be solved. During these meetings, FRG and clients clarify any questions that may pertain to the company’s financials.
Regular communication between FRG, payors, providers, and health plans help these arrangements thrive. Under the traditional fee-for-service (FFS) payment models, dialogue was seldom necessary. The result has been a transactional and potentially wasteful healthcare service delivery system built on competing interests: plans seeking to manage claims expense and providers seeking to drive utilization through RVUs and other productivity metrics.
When an organization makes the switch to a value-based care payment model, incentives are aligned. Providers and Payors are both focused on delivering care efficiently and effectively, and they both can participate in any savings in premium. In this aligned paradigm, regular communication among payors and providers is vital and productive.
“Value-based care is a model in which the focus is on reducing healthcare cost without sacrificing quality of care. It does this by compensating providers for managing patients based on a combination of quality measures achieved and savings created.”
– Manisha Adhikari, Senior Financial Analyst at FRG
Experts with over 25 Years of Experience
Experience is key when it comes to advising in value-based care. FRG’s team of seasoned experts have years of industry experience that guides them to spot data anomalies in data production and health care expenditure.
Many MSOs and IPAs lack experience in service funds, and others participate in risk-contracts or shared savings agreements because of mandates to participate. FRG stands ready to serve as a reliable resource to these entities, whether it’s through AccuReports to provide accurate information or through its advisors to thoroughly explain the data and help improve financial performance.
Why Should Risk-Bearing MSOs and IPAs Choose FRG?
AccuReports allows FRG’s team to successfully deliver a cutting-edge platform that analyzes trends, identifies cost drivers, and improves financial performance for risk-bearing MSOs and IPAs. Take your organization to the next level of efficiency and transparency! Call 888-466-1025 for more information on Financial Recovery Group’s advisory services.