Here we check back in on a topic from Season One - global budgets. You may remember this as the final phase of our journey into value-based payment reform. But if this is the first time you've heard that phrase, never fear - we give a quick recap at the beginning. And an even shorter one here:
A global budget means that instead of getting a fee for every service performed, health care providers or a network of health care providers (aka an Accountable Care Organization or ACO) get an annual budget designed to cover the costs of keeping all their patients well.
Obviously it gets more complicated than that, hence Season One, but that's all you need to know to understand this discussion with Lawrence Miller of Five Vine Consulting.