L.A. Care CEO is Keynote Speaker at the So-Cal HFMA Summer Symposium

The Southern California chapter of the Healthcare Financial Management Association (HFMA) invited L.A. Care CEO John Baackes to be a keynote speaker at its Summer Symposium on Monday, July 13, which will be a virtual event this year. Baackes will be discussing L.A. Care’s Value Initiative for IPA Performance (VIIP), a scoring tool that L.A. Care launched in 2016 to assess the performance of Independent Physician Associations that contract with the health plan.

As health insurers move toward a value-based care model, it is more critical than ever to deliver effective, high-quality care to members. But in markets like L.A. County, where the delegated provider model is prevalent, it can be a daunting challenge.

That’s why L.A. Care developed VIIP, a set of metrics to assess the performance of its contracted provider groups, with the goal of achieving a high-performing network and ensuring the highest possible reimbursement rates in the transition to value-based contracting. Providers are scored on five metrics. They are Access and Availability, HEDIS scores, Member Satisfaction, Utilization and Encounter Timeliness.

The So-Cal HFMA Summer Symposium is a five-day virtual event with a line-up of high-profile speakers. Some of the other topics to be discussed during the symposium are price transparency, California health-related legislation, and the 340B drug-pricing plan.

This year, for the first time, So-Cal HFMA will donate all proceeds from the event to a charity.  All proceeds from this event will go toward Urban Voices Project, a nonprofit that uses a holistic approach, including music and choir, to engage and improve health outcomes for individuals coping with homelessness. L.A. Care is also a proud supporter of Urban Voices Project.