Global Payments: How We Did It, and What Works (Third of 3)

This video is the last in a series of three videos by physician leaders in Massachusetts, who discuss how practices can succeed under a global payment system.

Earlier this week, Barbara Spivak, and Richard Lopez spoke about their practices’ experiences implementing and delivering care in a global payment framework. Today we hear from one of the largest physician networks in Massachusetts.

Speaker: Richard Parker, MD, Medical Director, Beth Israel Deaconess Physician Organization

Beth Israel Deaconess Physician Organization, with 1600 physician members in eastern Massachusetts, has extensive experience delivering care under capitated arrangements.

Key quote: “Health care in the U.S. is a great success and failure at the same time. The financial failure that’s busting the budgets of the entire economy cannot be allowed to go on the way it is, so doctors must recognize that change must happen.”

Among the issues he addresses:

  • Creating a culture that prepares a practice for global payments
  • Making a successful transition
  • Alleviating patients’ concerns
  • Whether global payments are the “right” answer for Massachusetts

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