The Provider-Led Arkansas Shared Savings Entity (PASS) Provider Agreement is a mechanism for healthcare providers in Arkansas to collaborate and improve the quality of care for their patients while reducing costs.
Under the PASS Provider Agreement, healthcare providers form a network or entity to share in the financial savings generated by improving patient outcomes and reducing the cost of care. This means that while providers are incentivized to work together to improve care, they also benefit financially from their efforts.
One of the main advantages of the PASS Provider Agreement is that it creates a collaborative environment where healthcare providers can share best practices, knowledge, and expertise. This collaboration can lead to improved patient outcomes, reduced costs, and increased efficiency across the healthcare system.
Another advantage of the PASS Provider Agreement is that it helps to align the interests of healthcare providers with those of their patients. By incentivizing providers to focus on improving patient outcomes instead of just providing more services, the PASS Provider Agreement can help to improve the quality of care and reduce the overall cost of healthcare.
The PASS Provider Agreement is also designed to be flexible and adaptable to the specific needs of different healthcare providers. Providers can work together to develop customized care plans that are tailored to the needs of their patients, while also taking into account local healthcare market conditions and regulatory requirements.
Overall, the Provider-Led Arkansas Shared Savings Entity (PASS) Provider Agreement is an innovative approach to healthcare delivery that has the potential to improve patient outcomes and reduce costs. By incentivizing healthcare providers to work together and focus on value-based care, the PASS Provider Agreement can help to create a more efficient and effective healthcare system in Arkansas.
