Develop and document your VBP approach and workplan

Regardless of which VBP model you are implementing:

  • Document your VBP approach including goals, timelines, measures, and data sources;
  • Be realistic and clear about the resources required, and your expectations;
  • Maintain a dialogue with payers, clinicians, and internal partners throughout the process;
  • Continue sharing information and seeking and responding to input and feedback from patients, families, caregivers, and community partners.

Entering into more advanced VBP contracts with payers can take a significant amount of time. It is important to allow adequate time to plan in advance and engage staff and clinicians . This is especially true if the provider entity and/or key clinicians and staff are not experienced with the particular VBP model being implemented, or if this is their first VBP arrangement. Don’t be afraid to ask payers to help identify solutions to challenges that might arise with your VBP implementation.