Through these health plan-specific measures and through IHA’s own mission of bridging healthcare stakeholders, the California VBP4P is advancing value-based insurance design (VBID).
We believe VBID is the intersection of personalized medicine and population health management, and we already support multiple customers embarking on health system and employee health plans. This certification will further our abilities nationwide.
VBID can take on many forms, but to simplify it, foundational VBID incentivizes patients to seek the specific types of care they need. And platforms like ours help providers identify just what those needs are.
That’s personalized medicine on a population scale.
In IHA’s program, providers and provider groups submit data to IHA for assessment, after which the health plans pay bonuses based on performance and in part on the merging of clinical and administrative functions leading to new measure sets.
We’re gratified to have met this certification milestone and further the twin pillars of value-based care and value-based insurance design.