Value-Based Contracts

On February 26, 2018, AMCP joined 11 organizations in letter to the OIG in support of establishing a safe harbor provision that would encourage the development of additional value-based contracts for the Medicare and Medicaid populations.

The recommendations included in this letter are based upon consensus recommendations of an Academy of Managed Care Pharmacy (AMCP) Partnership Forum, Advancing ValueBased Contracting (VBC), held in June 2017.

The Academy of Managed Care Pharmacy (AMCP) appreciates the opportunity to provide information on the application of value-based contracts (VBCs) for insulin pricing initiatives. The shift in payment models is expanding beyond the delivery of health care services to encompass models of compensation between payers and biopharmaceutical manufacturers.

Press Release: The Academy of Managed Care Pharmacy’s (AMCP) has released a consensus document on value-based contracting that includes a key stakeholder definition of VBC along with strategies to implement the innovative payment model.

This is a presentation from the AMCP’s Partnership Forum webnar that explored the VBC expansion. The described the creation of a consensus definition and guiding principles for value-based contracts; strategies for evaluating, implementing and monitoring VBC’s, and recommendations for mitigating legal and regulatory barriers to VBCs.