Former VP of Health Services for Hatfield Medical Group, Jim Schafer, has formed the company Qualspire Health, to aggregate and fund acquisitions of primary care medical practices. Their goal is to improve the quality of health care outcomes, decrease rising healthcare costs, provide a great patient experience, and improve the clinical’s team well-being. They hope to achieve all these goals by focusing on a Value-based healthcare model, that will improve the quality of healthcare in Arizona.
Jim Schafer Views On Value-Based Healthcare
Jim Schafer has been an advocate for improving the quality of healthcare for over 20 years now. He has previously said that the move to value-based care requires “a lot of investment in technology and resources. You have to train your staff to fully understand the functionality of [an] EHR, taking the time to understand data, interoperability and quality metrics that are set by the [National Committee for Quality Assurance] to know who falls into a certain metric.” Furthermore, “In times like these healthcare needs leaders that can lead in times of crisis. Providers are under resourced and putting more on the line like never before.”
The general aim is to shift the focus away from quantity and put all the focus into quality and value. Let’s take a deep dive into the merits of value-based health care and what Qualspire is looking to achieve.
What Is Value-Based Health Care?
Value-based healthcare is a healthcare delivery model in which providers, including hospitals and physicians, are paid based on patient health outcomes. Under value-based care agreements, providers are rewarded for helping patients improve their health, reduce the effects and incidence of chronic disease, and live healthier lives in an evidence-based way. The goal is to help individuals maintain their optimal level of wellness rather than waiting until patients get sick, which is often costlier and more complex.
What Are the Benefits of Qualspire’s Value-Based Healthcare?
Reducing Healthcare Costs
Schafer said ‘‘Not only do patients benefit from more engaged care, but they also receive a higher standard of care, managing a chronic disease or condition like COPD or Diabetes for example can be very costly and time-consuming for patients. Value-based care models focus on helping patients mange these illnesses more quickly and proactively in the first place. Subsequently, patients will then have fewer exacerbations, need fewer medical tests, go through fewer procedures, and they spend less money on prescription medication as both near-term and long-term health improve”.
Greater Patient Satisfaction Can Be Achieved
Providers get to spend more time with patients in a value-based model, focus on prevention-based patient services, they also have a team to help assist patients with chronic disease management. Logically the quality of care and patient engagement measures increase when the focus is on value instead of volume. Providers and staff start to get to the “why and how” a patient engages in their health. There is a stronger focus on overcoming barriers to good health, known as Social Determinants of Health. Providers, who can generate higher value per episode of care, stand to be rewarded under a value-based care model.
Should People Invest In Value-Based Healthcare?
I’ll leave you with this response from a question I asked the founder of Qualspire, Jim Schafer. I asked him what he would like to say to people who are considering investing in value-based healthcare, He responded emphatically with this answer ‘Align quickly, move down that path, and don’t hesitate. When you’re doing the right thing, it feels great and the patients have a great experience. If you make a couple of mistakes, redirect and learn what you can from it. Any process you’re implementing – whether it be chronic care management, transitional care management, or discussions around advanced directives with patients – start the process and fine-tune it as you go.
This response I believe sums up the values of Qualspire and the principles of value-based healthcare perfectly. As this article has alluded to throughout, the focus should be on the quality of care and not the quantity, and the benefits that can occur from putting these beliefs into practice can have a profound impact on improving healthcare outcomes and reducing per capita cost of care. The good people of Arizona have the right to have their healthcare viewed as a priority and the brains behind Qualspire have this at the center of their thoughts. Perhaps most importantly of all, it encourages our fantastic medical professionals up and down this country to focus on the what they do best, treat and build a rapport with patients rather than a never ending to do list of tasks.
Details for members of the press:
Qualspire Health LLC