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 and healthcare analytics data.
In this article, we’ll highlight the personalized advisory services FRG offers risk-bearing MSOs and IPAs. These services help organizations get more out of AccuReports while supporting healthcare financial reporting and value-based care analytics efforts.
FRG’s Advisory Services
Since 1999, FRG has provided advisory services focused on healthcare financial performance and value-based care success. FRG’s advisors provide one-on-one sessions to identify performance improvement opportunities and build actionable plans based on AccuReports reporting insights. 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 of healthcare finance experience
- Insights and actionable recommendations from AccuReports creators
- Regular financial reporting tailored to the company’s goals and operational needs
- Consultative approach focused on improving financial performance and transparency
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
FRG’s team regularly reviews updated monthly reports with clients to help them make informed decisions within AccuReports while following up on unresolved issues. During these meetings, FRG and clients address questions related to financial performance and reporting.
Regular communication between FRG, payors, providers, and health plans help value-based care arrangements thrive. Under the traditional fee-for-service (FFS) payment models, dialogue was seldom necessary. The result has been a more transactional healthcare 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 model, regular communication between payors and providers is essential for long-term success
“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 critical in value-based care advisory services. FRG’s seasoned experts help identify reporting anomalies, cost drivers, and healthcare spending trends.
Many MSOs and IPAs have limited experience with service funds, risk contracts, and shared savings agreements. 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. Support stronger financial visibility and operational efficiency with FRG’s advisory services. Call 888-466-1025 for more information on Financial Recovery Group’s advisory services.