The HCTN, led by Rutgers, The State University of New Jersey connects with businesses, educational institutions, workforce organizations, training groups, and community- and faith-based organizations to gather ground-level intelligence on the industry to make informed decisions on high-quality public workforce investments and expand the number of New Jersey residents with industry-valued credentials or degrees.
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At hospitals, for example, most revenue is still made the old-fashioned way: fee-for-service, through health insurance provided by for-profit companies, as opposed to government programs. Value-based payments consist of only 5% to 10% of a hospital’s revenue on average, according to Celina Burns, vice president of value-based-care strategy and program development at Irving, Texas–based Vizient, a health-care performance-improvement company. She works to develop those offerings for the company’s hospital members.
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