“That has never worked,” Porter said. “We have to change the structure of how we deliver health care and how we think about health care.

“The starting point in fixing the problem is to deliver value for the patient. That will require better outcomes that matter to the patient and are relative to the total cost of delivering those outcomes.”

Porter emphasized the need to break the silos between the various medical specialties, as well as among hospitals and insurers.

There are two types of value-based reimbursement — capitation, such as ACOs, and bundled payment. Because bundled payment focuses on a full set of services needed over the cycle of treating a condition, it offers the best value while continuing to reward physicians.

Porter’s speech reflects the spirit behind the Interdisciplinary Conference on Orthopedic Value Based Care. Our next conference is scheduled to take place on January 18-19, 2019. This conference aims to bring together orthopedic surgeons, anesthesiologists, orthopedic nurses, hospitalists, CRNAs, hospital executives, OR directors, orthopedic executives and many others. The conference will be held at the Fashion Island Hotel in Newport Beach, CA and will include 3 tracks to address the clinical, operational and financial issues of value based care for the orthopedic patient.

For information on our recent 2018 conference, including speakers, sponsors and schedule visit our website.

Our 2019 conference is currently in the works and more information will be provided as soon as details are finalized.

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