Focus on Therapeutic Outcomes Inc (FOTO) recently accepted an invitation from the US House Ways and Means Subcommittee on Health to offer guidance regarding pay-for-performance policies that may help improve the quality of patient care.
FOTO provided to Congress detailed insights about pay-for-performance policies, using data from its Patient-Reported Outcomes Measures database of nearly 22 million patient assessments. Specifically, FOTO demonstrated the effectiveness of a value-based healthcare payment program using risk-adjusted performance measures, and provided results from a value-based payment pilot study using FOTO performance measures that resulted in a 12% cost savings, explains a media release from FOTO.
The Congressional Ways and Means Committee hearing, chaired by Peter Roskam (R-IL), was the second in a series on Innovation in Health Care. The hearing focused on innovative practices and technology that physicians and other providers are implementing.
The Committee is seeking ways to modernize the US healthcare system, improve healthcare delivery, encourage care providers to be accountable for outcomes, and innovate a payment system that emphasizes value-based care, the release continues.
“Our national healthcare system is in need of a significant overhaul, and we are proud to contribute FOTO’s vast experience and lessons learned from our robust scientific methods, technology, database and innovative approaches to measure, report, and encourage value-driven care,” says Deanna Hayes, director of research at Focus on Therapeutic Outcomes Inc.
[Source(s): Focus on Therapeutic Outcomes Inc, Business Wire]