Where we come from.
Where we're going.
Founded in June of 2017, Payformance Solutions Inc. has been incubated by the investment committee of the Altarum Institute leveraging many of their intellectual and research capabilities. We continue to enjoy this partnership, working closely with many of their leading economists, engineers, and health researchers in the Center for Value in Health Care (CVHC), Healthcare Value Hub (supported by Robert Wood Johnson), Center for Behavioral Health, and the Center for Appropriate Care.
Healthcare industry is at stake. And the legacy payment models are the main culprits. Our care could cost less, but market forces are misaligned. In the age of technology, we’re still operating a system that was developed in the ‘60s and ‘70s. Researchers, Industry luminaries, and our Government all agree, the future is Alternative Payment Models or Value-Based Contracting. Payformance is seeking to accelerate the future. We want the future of all healthcare to be tied to outcomes. The interplay between the volume and value is giving birth to entirely new business models that shake-up healthcare, leaving payers, providers, and employers that fail to adapt struggling to survive. We want to ensure that doesn’t happen. The question is: "Is your institution ready?
Altarum Institute was founded in 1946 and has evolved into a 400-employee organization with the mission of creating a better, more sustainable future for all Americans by applying research-based and field-tested solutions to transform the healthcare system. Altarum’s customers include the U.S. Department of Health and Human Services, Office of the National Coordinator For Health Information Technology, Centers for Medicare & Medicaid Services and the Robert Wood Johnson Foundation. Throughout its history, Altarum has enabled better care and patient health by solving complex system problems, such as supporting the evolution of physician practices and improving access to—and treatment for—behavioral health. Now, through Payformance Solutions, Altarum has set its sights on the challenges of alternative payment models as the healthcare system undergoes the metamorphosis from fee-for-service to value-based reimbursement models. By creating the tools that enable the design, measurement and negotiation of value-based reimbursement programs, we allow payers and providers to focus on their essential mission: providing patients with access to care that yields the best health outcomes at the lowest costs.
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