Description
I created a financial simulation model to mimic value-based care contracts. This screencast explains how the model is structured, what the different variables mean, and shows some of the capabilities. It also demonstrates how a value-based care contract works in real life and often why it paradoxically increases the total cost of care.
Chapter Markers
00:00 - Intro
02:20 - Step 1: Financial Model Setup
09:01 - Step 2: Opportunity (Pot of Gold)
10:46 - Step 3: Cost of Running an ACO
16:09 - Step 4: Choosing a Funding Model
19:28 - Step 5: Year 1 Outcomes
24:18 - Step 6: Multi-Year Projection
33:13 - Step 7: Monte Carlo Simulation
44:05 - My Thoughts Based on Model Findings
Link to YouTube Video Version
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