Founded in June of 2017, Payformance Solutions Inc. has been incubated by the investment committee of the Altarum Institute leveraging many of their intellectual and research capabilities. We continue to enjoy this partnership, working closely with many of their leading economists, engineers, and health researchers in the Center for Value in Health Care (CVHC), Healthcare Value Hub (supported by Robert Wood Johnson), Center for Behavioral Health, and the Center for Appropriate Care.
Healthcare industry is at stake. And the legacy payment models are the main culprits. Our care could cost less, but market forces are misaligned. In the age of technology, we’re still operating a system that was developed in the ‘60s and ‘70s. Researchers, Industry luminaries, and our Government all agree, the future is Alternative Payment Models or Value-Based Contracting. Payformance is seeking to accelerate the future. We want the future of all healthcare to be tied to outcomes. The interplay between the volume and value is giving birth to entirely new business models that shake-up healthcare, leaving payers, providers, and employers that fail to adapt struggling to survive. We want to ensure that doesn’t happen. The question is: “Is your institution ready?