Senior Housing News reporter, Austin Montgomery, in his latest article, shared that in 2023, value-based care reached a “tipping point,” with big senior living players including Brookdale Senior Living (NYSE: BKD) embracing the trend. Lifespark, he names in the article, has stakes in the value-based care world.
Looking ahead to 2024, he said, “the industry is preparing to move the needle even further and integrate value-based care into their operations as a way to increase the quality of care and more appropriately charge for services. But to do so it will take a “mindset shift” around what value-based care is and the role it plays in senior living.”
Lifespark VP, Growth, Matt Kinne weighed in on the conversation. “It takes a change, both mindset and in leadership at the site level to really move the needle in a meaningful way,” Kinne said. “A lot of organizations aren’t ready for that and are still in survival mode.”