Rite Aid Corp. chairman and chief executive officer John Standley recently explained how retail pharmacies can promote value-based care in an opinion piece for the Philadelphia Inquirer/Daily News on Philly.com.
Standley stresses that new payment models and value-based payments, which focus on the quality rather than the quantity of care, can help the nation grapple with skyrocketing costs.
“The U.S. health care system is afflicted with a debilitating chronic illness — rising costs,” Standley wrote in the op-ed article. “The problem stems from how we pay for care,” he later said in the piece.
Rite Aid is a participant in the Health Care Payment Learning and Action Network, an initiative led by the Department of Health and Human Services to facilitate the sharing and learning of alternative health care payment models, such as accountable care organizations (ACOs), bundled payments and advanced primary care medical homes.
The effort was announced in March at the White House in an event featuring President Barack Obama and HHS Secretary Sylvia Burwell. Standley, who at the time was chairman of the National Association of Chain Drug Stores, also was at the event with Steve Anderson, president and CEO of NACDS.