Financial Analysis and Reporting in a Value-Based Payment System
Presenter: Carol M. Cassell
Principal, Strategy and Performance Improvement
Freed Maxick Healthcare
Health Reform is happening now, and it’s essential to understand the financial implications of these sweeping changes. This course helps providers and health care professionals understand why the current volume-based payment model is unsustainable and why a value-based payment model is the best way to achieve the Triple Aim in health care. The value-based payment model will be explored in detail as well as the challenges organizations will face on their way to health care transformation.
Time to view the course is 30 minutes.
Upon completion of this course, the learner will be able to:
- Identify why changing from a volume to a value-based payment models is necessary
- List the goals of the Triple Aim
- Describe the elements of value-based payments
- Identify the implications of a value-based payment model for providers
- Explore strategic options and build a case for change
Time to complete the course is approximately 60 minutes.
Presenter: Carol M. Cassell
Carol M. Cassell is a Principal in Freed Maxick’s Healthcare Practice. Carol joins us with a focus on strategy and performance improvement, and more than 30 years of combined experience in health plan and healthcare delivery systems. This experience includes executive leadership roles at DeGraff Memorial Hospital, ECMC, Millard Fillmore Health System, and Independent Health.
Carol excels at developing and leading innovative strategies, accountable reimbursement programs, performance improvement, and new businesses initiatives. She effectively manages operations that result in market growth and improved quality of care, operational efficiency, and financial performance. She has served as a strategic advisor in the development and oversight of complex health strategy initiatives supporting clinical integration by leveraging technology to achieve improvement in healthcare quality, cost, and experience.
Before joining Freed Maxick Healthcare, Carol held several payor and provider healthcare industry leadership roles. Her accomplishments include initiating the Western New York Community EMR Program that was sponsored by three health plans, developing patient-centered medical homes, and as a health system CEO, actively engaging in the merger of three Buffalo, NY hospital systems.
Carol is active in her community, serving on a local committee responsible for community health planning. She has also led or supported the implementation of performance measurement and dashboards for corporate boards and executive leadership, insurance products, key business process and programs, and PCMH practices.
Bachelor of Business Administration, Accounting
Developing Organization: Freed Maxick Healthcare
Freed Maxick CPAs, P.C. is one of the largest accounting and consulting firms in Western New York and a Top 100 largest CPA firm in the United States. Serving closely held businesses, SEC companies, governmental and not-for-profit clients across New York as well as nationally and internationally, Freed Maxick mobilizes high-performance professionals to guide client growth, compliance, security, and innovation. Freed Maxick specializes in the healthcare, manufacturing, real estate, banking, agribusiness, and private equity sectors and has more than 280 professional and administrative personnel and offices in Buffalo, Batavia, Rochester, and Syracuse, New York.