Value-based care (VBC) is an industrywide imperative—a viable alternative to incent and reward affordable and effective care delivery—yet many health systems are challenged in their transition from fee-for-service (FFS) gridlock.
A 2017 Chilmark Report states, “healthcare is inching toward 40 percent of providers participating in some form of VBC, though less than 15 percent receive a majority of their revenue through such arrangements.” The report adds that, “most providers and payers still hesitate to invest adequately in VBC transformation.”
Duncan Gallagher, a keynote speaker at the 2017 Healthcare Analytics Summit™ conference and 2016 CFO of the year, helped Allina Health in Minneapolis accelerate its transition and get unstuck. Through a thoughtful, forward-looking discussion with its Board, Allina Health management recognized that while FFS is the status quo today, it will not prove to be a long-term viable option.
With over 30 years of experience as a healthcare finance leader, Gallagher served as Executive Vice President, Chief Administrative Officer, and CFO of Allina Health (a $4-billion not-for-profit health system that provides care for nearly one million people). Before Allina, Gallagher spent 10 years as Executive Vice President and Chief Operating/Financial Officer with Des Moines-based UnityPoint Health (a $4.1 billion not-for-profit healthcare system). Prior to his UnityPoint tenure, Gallagher was a partner at Big Four accounting firm KPMG. Gallagher is currently President and CEO of the consulting firm he started. He earned an MBA from the University of Minnesota’s Carlson School of Management.
As CFO at Allina Health for seven years (until retiring in January 2017), Gallagher drove the system’s shift from an FFS-based payment model to a value-based, quality-centric one. A true VBC visionary and trendsetter, Gallagher expanded Allina’s investments into care processes that weren’t reimbursed, and worked with insurance companies to test payment models that emphasized quality over volume. Gallagher positioned Allina as a national leader in VBC payment models by championing payer and provider collaboration, and focusing on disease prevention and outcomes improvement for patients and communities.
Allina has developed innovative models of payor collaboration, achieved VBC-driven financial viability and success and, most importantly, advanced significantly better care for its patients.
Join us at the 2017 Healthcare Analytics Summit on September 12th through 14th in Salt Lake City to learn, firsthand from Duncan Gallagher, how Allina came to understand why an FFS payment isn’t sustainable in the long run, and how to start preparing your health system today for VBC.
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