Performance Measurement Strategies in Value-Based Payment Arrangements

Key Takeaways

• Value-based payment (VBP) arrangements offer an opportunity to facilitate access to innovative medical products while collecting the long-term data necessary to demonstrate durable clinical benefit of these products.
• Partnerships between payer organizations, providers, and manufacturers can foster greater use of centralized registries to capture long term data. These partnerships can mitigate challenges of patient portability and data infrastructure that currently limit the scope and scale of VBP arrangements.
• Advanced performance measurement strategies for VBP arrangements should consider broader agreed-upon dimensions of value to manufacturers and payers, including overall clinical impact, how multi-year benefits should be quantified, and how to easily build and implement new outcome measures.