Direct Contracting or Advanced Primary Care or Value-based Purchasing - use which term you like - has gotten very buzzy lately with the de-SPACing of CANO, CMAX, CLOV and the IPOs for AGL, PRVA and OSH. The fact is, value-based purchasing is a concept that is at least a decade old. It developed in the wake of the Affordable Care Act as part of a policy priority to "bend the cost curve." In fits and starts, Value-based Purchasing - to use the broader term - has been applied to several areas of health care and not always successfully. The explosion on the scene of new names like CANO and OSH have revealed VBP's utility in primary care is very likely durable.
No one knows the space better than Brad Smith, former Director of the Innovation Center at the Centers for Medicare and Medicaid. Please join us todayk as we cover some of the history, the Direct Contracting Model being deployed, uptake by other payers and how the concept can be applied to other problems like rural health.
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Thursday, August 5th @ 2pm ET (Add to Outlook Calendar) Connection Details: Click here to access video content and associated slides. (Live video only, followed by Q & A) |
About Brad Smith. Brad is the Founder and Chief Executive Officer of Russell Street Ventures, an innovative healthcare firm focused on launching and scaling companies that serve some of our nation’s most vulnerable patient populations.
Brad was the Co-Founder and Chief Executive Officer of Aspire Health, which he grew into the nation’s largest home-based palliative care provider before selling it to Anthem in 2018. Brad then served as Chief Operating Officer of Anthem’s Diversified Business Group, a multi-billion-dollar portfolio of five companies.
While in government, Brad served as Deputy Director of the White House Domestic Policy Council, Senior Advisor to the Secretary of the U.S. Department of Health and Human Services (HHS), Deputy Administrator at the Centers for Medicare and Medicaid Services (CMS), and Director of the Center for Medicare and Medicaid Innovation (CMMI).
At the White House, Brad helped operationalize various elements of the federal response to COVID-19 including scaling testing across the country and launching Project Airbridge, which shipped billions of medical supplies from around the world to America. Brad also served as a Board Member of Operation Warp Speed, helping develop COVID-19 vaccines in record time. At HHS, Brad launched innovative payment models that lowered the price of prescription drugs and allowed rural communities to transform how healthcare is delivered.
Brad previously served as Chief of Staff at the Tennessee Department of Economic Development where he helped create over 28,000 jobs while reducing the cost to taxpayers. Brad also served as the founding Executive Director of the Tennessee State Collaborative on Reforming Education (SCORE), a K-12 education non-profit in Tennessee.
Brad has lectured at Duke University, Vanderbilt University, and the University of Pennsylvania. He has also authored articles in the New England Journal of Medicine, Fierce Healthcare, The Tennessean, Knoxville News Sentinel, and Memphis Commercial Appeal. Brad graduated summa cum laude from Harvard University and received an M.Phil from Oxford University, where he was a Rhodes Scholar.
Brad is a native of Knoxville, Tennessee and currently lives in Nashville, Tennessee with his wife Lauren and their two daughters Harper and Avery.
Emily Evans
Managing Director – Health Policy
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