Webinar: Low-Value Care 101
Join Dr. Mark Fendrick, Director of the Center for Value-Based Insurance Design, and Beth Bortz, President and CEO of the Virginia Center for Health Innovation, as we discuss initiatives to address low-value care.
V-BID Summit 2018
On March 14, 2018, leaders from across the health care spectrum came together to discuss strategies for tackling some of the industry’s most relevant challenges at the University of Michigan Center for Value-Based Insurance Design‘s 2018 V-BID Summit.
Thursday, July 13: Congressional Briefing – The Cost and Value of Prescription Medicines
On Thursday, July 13, the Biotechnology Innovation Organization along with Biocom, Bio NJ, Bio Utah, CLSA, and other health organizations, co-hosted a congressional briefing at the House of Representatives in Washington, DC. Discussion surrounded the cost and value of prescription medicines to patients, caregivers, and our health care system.Dr. A. Mark Fendrick, MD, Director of the Center for Value-Based Insurance Design (V-BID), gave a presentation on value-based medicine and drug pricing and savings in healthcare.View the resources below for more information on V-BID and Precision Medicine.
June 7, 2017: Committee on Ways and Means Medicare Advantage Testimony
On Wednesday, June 7th, Dr. A. Mark Fendrick, V-BID Center Director, testified before the Committee on Ways and Means, Subcommittee on Health hearing on Promoting Integrated and Coordinated Care for Medicare Beneficiaries. Dr. Fendrick discussed how the principles of value-based insurance design (V-BID) and clinical nuance can contribute positively to Medicare Advantage. Learn more about V-BID in Medicare Advantage To view the full hearing, click here. Additional testimony materials available below: Learn more about V-BID in Medicare Advantage
V-BID Congressional Briefing, February 7, 2017
Value-Based Insurance Design: An Innovative Approach to Improve Medicare Advantage, Health Savings Accounts, and TRICARE Washington, DC: On Tuesday, February 7, Representatives Diane Black (R-TN) and Earl Blumenauer (D-OR) convened a bipartisan briefing on the role of Value-Based Insurance Design (V-BID) in Health Savings Accounts, Medicare Advantage, and Tricare. V-BID Center Co-founders A. Mark Fendrick, MD, and Michael Chernew, PhD, discussed the role of V-BID as a bipartisan, multi-stakeholder solution to improve quality, enhance consumer experience, and lower costs. In their introductory remarks, Congressmen Black and Blumenauer highlighted the rare bipartisan support for V-BID and praised its role in improving the health of Americans and lowering health care spending. Both were enthusiastic about partnering on bipartisan legislation to expand V-BID in private and public payers. Access to quality medical care and containing health care expenditures are among the most pressing issues for our military personnel, our national well-being and economic security. Understanding how commercial [...]
V-BID Summit 2016: Precision Medicine Needs Precision Benefit Design
On October 26, 2016, leaders from across the health care spectrum came together to discuss strategies for tackling some of the industry’s most relevant challenges at the University of Michigan Center for Value-Based Insurance Design‘s 2016 V-BID Summit: Precision Medicine Needs Precision Benefit Design.
V-BID in China
Dr. A. Mark Fendrick, Director of the Center for Value-Based Insurance Design (V-BID), recently traveled to mainland China to present at the Chinese Economic Society's Roundtable Discussion on precision medicine, the China-US Precision Medicine Industry and Policy Forum, and Beijing Hospital. For more information about each of these events, please follow the links below. Dr. Fendrick addressing the Chinese Economic Society about key tenets of V-BID strategy.
February 23, 2016: US Senate Committee on Armed Services
On Tuesday, February 23rd, Dr. A. Mark Fendrick, V-BID Center Director, testified before the United States Senate Committee on Armed Services Subcommittee on Personnel. Dr. Fendrick discussed how the principles of value-based insurance design (V-BID) and clinical nuance can contribute positively to defense health care reform.https://youtu.be/zprEwpVgXCo Additional testimony materials available below:
Tuesday, February 23: US Senate Committee on Armed Services
On Tuesday, February 23rd, 2016, Dr. A. Mark Fendrick, V-BID Center Director, testified before the United States Senate Committee on Armed Services Subcommittee on Personnel. Dr. Fendrick discussed how the principles of value-based insurance design (V-BID) and clinical nuance can contribute positively to defense health care reform.The hearing announcement and testimony materials are available below:
February 9, 2016: MI Senate Appropriations Subcommittee on HHS Hearing
On Tuesday, February 9th, Dr. A. Mark Fendrick, V-BID Center Director, testified before the Michigan Senate Appropriations Subcommittee on Health and Human Services in Lansing, Michigan. Dr. Fendrick discussed opportunities to improve the health of Michigan residents through the utilization of value-based services and performance metrics, as well as how clinically nuanced cost-sharing has been an effective way to improve value and creates an opportunity for broad innovation in the Medicaid space. Value-based insurance design (V-BID) principles are included in the Healthy Michigan Plan for Medicaid expansion, as outlined in the V-BID Center's Michigan Medicaid brief. The Hearing announcement can be accessed here. More Hearing materials are available below: Presentation Slides AJMC Clinical Nuance Infographic
V-BID 10th Anniversary Summit: A Decade of Transforming the Health Care Cost Discussion from ‘How Much’ to ‘How Well’
On October 6/7, 2015, the University of Michigan Center for Value-Based Insurance Design held its 10th Anniversary V-BID Summit entitled: A Decade of Transforming the Health Care Cost Discussion from ‘How Much’ to ‘How Well.’
December 9, 2015: CMS/CMMI Diabetes Prevention Program Payer-Provider Summit
On Wednesday, December 9th, Dr. A. Mark Fendrick, V-BID Center Director, spoke at the Diabetes Prevention Program Payer-Provider Summit, hosted by the Center for Medicare and Medicaid Innovation. The summit brought together payers, providers, CMMI awardees, and state and federal leaders to collectively identify promising value-based payment models for the Diabetes Prevention Program. Dr. Fendrick opened the "Payer Perspective" panel with a brief presentation on the role of Value-Based Insurance Design in the DPP and will participate in other discussions. Dr. Fendrick's slides are available below. Presentation Slides
V-BID Summit 2013: Volume to Value, Infusing Clinical Nuance into Health Care Transformation
The 2013 summit invited policymakers, state health commissioners, plan directors, and health system leaders to engage in a highly interactive format to address supply- and demand-side innovations in numerous payer settings including state health insurance exchanges, Medicaid and Medicare plans, accountable care organizations and commercial insurance plans.
V-BID Summit 2012: V-BID Integration and Employee Response Discussion
On October 30, 2012, participants from 27 states representing multiple stakeholder perspectives assembled in Ann Arbor to consider how the integration of innovative payment reform, delivery transformation, and consumer engagement initiatives encourage our dual objectives of improving quality and containing health care expenditures.
V-BID Symposium 2011: The State of Value-Based Insurance Design: Evidence, Policy, Implementation and Tools
The 2011 V-BID Symposium, held on November 16, 2011, attracted over 350 attendees from across the US and beyond. The event fostered collaboration among a wide range of professionals whose work includes V-BID: employers, researchers, plan designers, healthcare executives, policy leaders, government officials, benefit consultants, and health IT leaders.