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AETNA BETTER HEALTH of KENTUCKY2019
VALUE BASED SAVINGS
FEDIS TOOLKITUpdated 12/2018Joni Connelly, Manager of FEDIS
5027198763HEDIS Supplemental Data Fax line:
8554151215Aetna FEDIS Staff Contact
Joni
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Value based savings refers to the cost savings achieved by an organization through various cost reduction initiatives or by optimizing processes.
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Any organization or entity that has implemented cost saving measures or efficiency improvements may be required to report value based savings.
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The purpose of value based savings is to track and measure the cost savings achieved by an organization and to assess the impact of cost reduction initiatives.
What information must be reported on value based savings?
Information such as the amount of cost savings achieved, the specific cost reduction initiatives implemented, and the impact of these initiatives on the organization's financial performance must be reported on value based savings.
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