IFEBP Gets Value-Based Health Grant

The International Foundation of Employee Benefit Plans (IFEBP) has started a formal effort to promote use of value-based health care strategies at government health plans and multiemployer plans.

The IFEBP, Brookfield, Wis., will be using a grant from Pfizer Inc., New York, to identify successful efforts to help patients get the types of care with the most potential to improve their health and hold down medical bills.

Value-based plans may use financial incentives, such as lower co-payments and lower deductibles, to encourage patients to get the most highly recommended screening tests or to take drugs with a proven ability to prevent expensive health problems.