Memphis Business Group on Health (MBGH) is holding its 5th Annual Conference on August 29, 2013 from 7:30 am until 3:30 pm at the University of Memphis Holiday Inn. This year’s theme is “Follow the Money: You Get What You Pay For”. According to Cristie Upshaw Travis, MBGH CEO, “Paying physicians and hospitals on a fee-for-service basis has cost employers millions in excess dollars for care that is often not needed and for care that is of such poor quality that it has to be fixed, resulting in even higher costs.”
Today, 89% of payments to hospitals and physician are based on this fee-for-service model. Only 11% of payments are “value-oriented” and tied to how well they deliver care or create incentives for improving both quality and cost.
Travis continues, “No wonder experts estimate that 30% of the money spent on health care is wasted. It is now time to flip this payment model and pay based on value. This year’s conference is designed to show Memphis that a new payment approach is feasible, that it is being done in other markets across the country, and to hear from Memphis-area health plans about what actions they are taking to move away from fee-for-service.”
Francois de Brantes, Executive Director of the Health Care Incentives Improvement Institute, is the keynote speaker. de Brantes has developed and implemented several new payment models including the Leapfrog Hospital Rewards Program, Bridges to Excellence, and most recently, PROMETHEUS Payment. His experience as Program Leader for various health care initiatives at GE Corporate Healthcare Programs, gives him a unique understanding of the role employers can and must play to make payment change happen.
Other confirmed speakers include:
- Donna Marshall, MBA, Executive Director of the Colorado Business Group on Health, will describe how CBGH members are working with providers and plans to test a new payment model tied to value.
- Colleen Bruce, JD, Vice President for Value-Based Purchasing and Policy for the National Business Coalition on Health, will highlight how national health reform is advancing payment change.
- Brooks Daverman, MPP, Director of Strategic Planning and Innovations for the Tennessee Division of Finance and Administration, will share how the state is changing payment for their programs, including TennCare and Benefits Administration.
- Representatives from Aetna, BlueCross BlueShield of Tennessee, and Cigna will tell us what they are doing to shift from fee-for-service models in Tennessee, and specifically Memphis.
Early registration discounts are available through June 30, 2013. Additional information on the conference, including a link for registration, is at www.memphisbusinessgroup.org/mbgh2013annualconference.
You can contact Cristie Upshaw Travis at email@example.com if you have questions.