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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.
Any organization or entity that has implemented cost saving measures or efficiency improvements may be required to report value based savings.
Value based savings can be filled out by compiling all the relevant cost reduction data and efficiency improvements achieved by the organization.
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.
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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