Traditionally the healthcare model reimbursed physicians based on the number of services performed—reinforcing quantity over quality. Under this fee-for-service model, the quality of care becomes less of a priority and medical costs can often be high. In an effort to shift the focus, a new reimbursement model was created to encourage healthcare providers to focus on preventive medicine, deliver the best quality care, and keep populations healthy at the most reasonable cost.
To help providers navigate these new value-based contract arrangements, Virginia Care Partners (VCP) was established in 2012, by a group of independent physicians, in partnership with HCA Virginia. VCP is the first successful physician-led collaborative network in the Richmond metropolitan area committed to helping physicians maintain financial stability through the delivery of high quality, coordinated care that addresses unnecessary costs and improves the overall health of patients.
VCP holds commercial and Medicare contracts and supports medical practices with an infrastructure to be successful in value-based contracts by providing network management services, performance-based data analytics and clinical care workflow resources. The network is comprised of 250 primary care physicians and more than 700 providers representing over 40 medical and surgical specialties, behavioral health and mid-level providers.