Physician-led clinical value analysis: Starting point for transition to value-based care

Abstract

Physician engagement is vital to containing costs, enhancing care quality and improving patient outcomes — the triple aims of value-based care. Increasingly, physicians are teaming up with supply chain professionals to develop and disseminate best practices in high-spend areas such as orthopaedics and spine care. Alternative payment models will require even greater clinical collaboration across the care continuum, and greater physician input in the strategic direction of health systems. To improve organisational performance on the measures that matter, hospital administrators will need to begin engaging physicians more meaningfully. A physician-led value analysis team that gives physicians voice and ownership in the process for reviewing product requests provides the means to accomplish both objectives and can be the starting point for a deeper level of engagement between hospitals and their most valuable resource.