Podcast - VBC Financial Simulation Model

Description

I created a financial simulation model to mimic value-based care contracts. This screencast explains how the model is structured, what the different variables mean, and shows some of the capabilities. It also demonstrates how a value-based care contract works in real life and often why it paradoxically increases the total cost of care.

Chapter Markers

* 00:00 - Intro

* 02:20 - Step 1: Financial Model Setup

* 09:01 - Step 2: Opportunity (Pot of Gold)

* 10:46 - Step 3: Cost of Running an ACO

* 16:09 - Step 4: Choosing a Funding Model

* 19:28 - Step 5: Year 1 Outcomes

* 24:18 - Step 6: Multi-Year Projection

* 33:13 - Step 7: Monte Carlo Simulation

* 44:05 - My Thoughts Based on Model Findings