OneCare’s 2024 budget sustains and enhances critical programs to continue our progress toward lowering health care costs and improving population health outcomes. The budget was filed with the Green Mountain Care Board (GMCB) and the Health Care Advocate Policy Team at the start of October as part of our annual budget review process.
Despite cost inflation, we have successfully delivered a budget that is largely consistent with FY23 and supports important advancements in our capabilities and in value-based payment design. OneCare has sought out efficiencies resulting in a $500k reduction in operating expenses, partially realized through reduced costs of data and analytics.
The proposed 2024 budget supports essential programs so OneCare can continue this successful trajectory, delivering the tools providers need to coordinate with one another, cutting through red tape to ensure Vermonters are receiving the care they need in the right place at the right time and ultimately lowering costs and improving patient care.
Key investments in our 2024 budget include:
- An over $25 million investment in our Population Health Model (PHM) program, designed to improve population health outcomes and quality scores. PHM participants are primary care, home health agencies, designated agencies, area agencies on aging.
- The Comprehensive Payment Reform (CPR) program is designed to support independent primary care practices to advance primary care delivery and remain financially viable. This year we have increased the number of participating practices.
- Over $1.6 million is budgeted for the Mental Health Screening Initiative to extend it through 2024. The goal of the initiative is to standardize mental health screening protocols for screening and follow up across primary care practices.