AnnexMedAnnexMedAnnexMed
Corporate Office
USA
299 S. Main Street
Suite 1300
Salt Lake City, UT 84111
Chennai - Tower I
CeeDeeYes Tyche Towers,
Block-1 3rd Floor, Perungudi Bypass Rd, Perungudi,
Chennai - 600096
Chennai - Tower II
4th Floor, IIFL TOWERS
MGR Main Rd,
Perungudi, Chennai - 600096
Villupuram
No 9, Viswalingam Layout
Villupuram,
Tamil Nadu – 605602

Population Health & Value-Based Care Billing

Manage Population Risk. Improve Outcomes. Maximize Revenue.

AI-enabled population health and value-based care execution that improves outcomes, reduces cost of care, and maximizes shared savings and incentive payments.

$800B+

Healthcare delivered under
value-based arrangements
in the US

HHS data

2%

Medicare VBP adjustment
range, from bonus to penalty
based on quality

CMS VBP program

MSSP

Medicare Shared Savings
Program, primary ACO
model for hospital systems

CMS ACO data

HCC

Hierarchical Condition Categories, RAF scores
drive capitation payments

CMS risk adjustment

Value-based care shifts financial risk to providers

Value-based care (VBC) and population health shift reimbursement from fee-for-service to outcomes-based models. Under MSSP ACOs, Medicare Advantage, and CMS programs like VBP, HRRP, and HAC, payments depend on quality performance. Managing VBC requires quality reporting, risk adjustment, shared savings, and performance tracking; strong systems earn bonuses, poor performance leads to penalties and financial risk exposure.
Risk adjustment is a critical VBC function. In Medicare Advantage and ACO models, payment is adjusted based on patient health status. Accurate HCC coding captures all chronic conditions annually using ICD-10-CM codes. Under-coding reduces capitation payments and shared savings, creating compounding financial disadvantage each contract year.
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Trusted by 100+ healthcare providers | AAPC, AHIMA & AAHAM Certified | SOC 2 Type II
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Why Value-Based Care Is Financially Difficult: Key Challenge Areas?

Incomplete HCC Risk Adjustment Coding

Chronic conditions documented in the chart but not coded in claims do not contribute to the patient's RAF score. Under-coded populations generate systematically lower capitation payments and ACO risk adjustment. Each missed HCC represents a compounding loss across every plan year it goes uncaptured.

Quality Measure Data Not Reported Accurately

CMS and commercial payers require HEDIS, eCQMs, and payer-specific quality measure data to calculate performance bonuses and penalties. Inaccurate data, abstraction errors, or missed submission windows result in quality scores that do not reflect performance, costing hospitals incentive payments earned clinically but not documented financially.

VBP Domain Performance Not Monitored in Real Time

Medicare's Hospital Value-Based Purchasing program adjusts all DRG payments by up to 2% based on quality domain performance. Without real-time monitoring of VBP scores, revenue cycle leadership has no visibility into payment adjustments until after the fact, when there is no opportunity to improve performance.

MSSP ACO Cost Trends Not Tracked Proactively

MSSP shared savings calculations are based on benchmark spending compared to actual attributed beneficiary costs. Hospitals that discover poor ACO financial performance at year-end reconciliation have already lost the opportunity to manage utilization, reduce avoidable admissions, and protect shared savings potential.

HRRP and HAC Penalties Not Anticipated

Hospital Readmissions Reduction Program penalties of up to 3% and Hospital-Acquired Condition penalties of 1% reduce all Medicare DRG payments retroactively. Hospitals without continuous readmission and HAC monitoring cannot identify the patterns driving penalties in time to intervene before the measurement period closes.

Medicare Advantage Contract Performance Not Managed

MA contract financial performance requires tracking member attribution accuracy, RAF score optimization, utilization patterns, and quality star rating contributions across multiple plan relationships simultaneously. Without a dedicated management infrastructure, MA revenue is consistently lower than contract terms support.

AnnexMed population health & value-based care services

Annual HCC Risk Adjustment Coding

Annual HCC coding review across Medicare Advantage and ACO populations: chronic condition capture, ICD-10 accuracy, RAF optimization, and HCC gap closure to ensure complete risk adjustment before closure.

Quality Measure Reporting

CMS and commercial quality measure reporting including HEDIS, eCQMs, PRO-PMs, and VBC metrics. Covers data collection, abstraction, submission, performance tracking, and gap monitoring across reporting cycles.

Medicare VBP Monitoring

Medicare VBP tracking across clinical outcomes, safety, efficiency, and patient experience (HCAHPS). Provides benchmark reporting and payment adjustment forecasting for proactive revenue planning.

MSSP ACO Management Support

ACO performance tracking including cost, quality, benchmark monitoring, and shared savings forecasting. Real-time utilization analytics enable proactive financial management before reconciliation cycles.

HRRP & HAC Monitoring

HRRP and HAC monitoring identifies readmissions and hospital-acquired conditions impacting DRG payments. Includes root cause analysis and corrective action support for high-penalty risk areas control.

MCARE Advantage VBC Management

Medicare Advantage contract performance management covering attribution verification, RAF optimization, utilization analysis, star ratings, and quality reporting across all MA contracts and performance benchmarking insights

Commercial VBC Reporting

Commercial VBC reporting includes quality measures, shared savings calculations, pay-for-performance tracking, and contract compliance monitoring across all payer arrangements and performance transparency reporting tools

Population Health Analytics

Population health analytics VBC chronic disease mapping, care gap identification, high-risk segmentation, utilization Data & Analytics Platform financial visibility predictive intervention modeling using AI Agents & Intelligent Automation.

How it works, the AnnexMed VBC execution model?

  • 18+

    Years of experience
  • 40+

    Specialties served
  • 99.1%

    Client retention

Phase 1: Assess & Baseline

Population Risk Assessment

HCC coding gap analysis, quality measure baseline, VBP domain performance review, and attributed beneficiary cost benchmark analysis across all active VBC contracts.

VBC Financial Baseline

Quantify shared savings potential, identify HCC under-coding exposure, and establish performance benchmarks against national and regional comparators.

Phase 2: Optimize & Execute

HCC Coding & Risk Adjustment

Annual HCC coding review and gap closure. Chronic condition capture validated against documentation. RAF score optimization deployed across Medicare populations.

Quality Measure & Contract Execution

Quality measure data collection, abstraction, and submission. VBP monitoring. MSSP cost tracking. Commercial VBC contract reporting across all payer relationships.

Phase 3: Monitor & Improve

Real-Time Analytics

Continuous VBC financial performance monitoring via ImpactBI.AI: shared savings trending, VBP payment forecasts, quality measure gap alerts, and RAF score dashboards.

Continuous Optimization

Monthly performance review against benchmarks. Proactive identification of quality metrics before measurement windows close. Annual contract renegotiation support.

Technology platform, value-based care intelligence modules

HCC Gap Detection Engine

Analyzes clinical documentation signals against coded diagnoses to identify chronic conditions present in the record not reflected in claim data. Generates prioritized HCC gap closure queues by attributed population, risk score impact, and plan year deadline.

Quality Measure Analytics

Tracks HEDIS, eCQM, and payer-specific quality measure performance in real time. Identifies care gaps at the patient and population level, generates improvement alerts, and projects year-end quality scores against bonus thresholds before submission deadlines.

VBP Domain Performance Monitor

Continuously tracks Medicare VBP domain scores across clinical outcomes, safety, efficiency, and patient experience. Projects payment adjustment impact based on current trajectory, enabling revenue cycle leadership to forecast Medicare DRG payment adjustments 90 days in advance.

Population Health & ACO Analytics

Real-time attributed beneficiary cost utilization dashboards MSSP ACO management. Tracks spending against benchmark, identifies high-cost utilization patterns, and models shared savings repayment scenarios based on trajectory and performance.

VBC Financial Performance Dashboard

Executive-level VBC revenue analytics: shared savings earned, quality incentive payments received, VBP adjustments applied, HRRP and HAC penalty exposure, and MA contract performance metrics, consolidated into a single CFO-facing financial performance view.

MA Contract & RAF Score Tracker

Medicare Advantage contract performance monitoring: member attribution verification, RAF score by member and population, star rating contribution analysis, and payer-specific reporting compliance ensuring MA contract revenue reflects patient complexity.

Key billing & regulatory reference

Billing Dimension
Technical Detail
AnnexMed Approach
VBP Adjustment Range

±2% of total Medicare DRG payments, hospitals at top of performance receive bonus; bottom receive penalty across four quality domains

VBP domain performance monitored monthly; projected payment adjustments reported 90 days in advance

HRRP Penalty

Up to 3% reduction in all Medicare DRG payments for excess readmissions, heart failure, pneumonia, COPD, TKA, CABG and quality penalties

HRRP readmission patterns identified and root-caused; corrective action tracking by condition category

HAC Reduction Program

Bottom quartile hospitals on HAC measures receive 1% reduction in all Medicare DRG payments regardless of other performance

HAC event monitoring integrated into revenue integrity reporting with penalty exposure quantification

HCC Coding Mechanism

ICD-10-CM codes for chronic conditions in claims map to HCC categories; each HCC contributes to RAF score driving capitation and risk adjustment payments

Annual HCC gap closure program with documentation-to-code validation across full attributed population

MSSP ACO Structure

Two-sided risk model: ACO shares savings if costs fall below benchmark; repays if costs exceed benchmark; quality performance gates savings eligibility

Real-time attributed beneficiary cost tracking against benchmark with shared savings forecasting

MA Stars Rating

CMS 5-star quality rating system affects MA plan bonus payments and contract renewal; tied to quality measure performance reported by providers

Star rating contribution tracking by measure category with improvement opportunity prioritization

Quality Measure Types

Process measures, outcome measures, patient experience (HCAHPS), efficiency measures domain affects VBP payment and contract performance.

Measure-specific performance tracking with gap closure workflows and submission compliance monitoring

Expected financial & operational outcomes

5–10%

Quality Scores (HEDIS, VBP, Star)

3–10%

Shared Savings Performance

5–10%

HCC RAF
Accuracy

15–25%

HRRP & HAC Penalties

90-day

VBP Payment
Visibility

5–12%

MA Contract Revenue

Security-analysis

Why AnnexMed for population health & value-based care?

Not Traditional Billing, Outcome-Driven Revenue Management

AnnexMed positions VBC services as a financial performance and risk management function, not a transactional billing service. We manage the full continuum from HCC coding through quality submission to shared savings, forecasting the infrastructure hospitals need to succeed financially in outcome-based payment models.

HCC Risk Adjustment Coding at Population Scale

Annual HCC gap closure across attributed Medicare Advantage and ACO populations ensures all documented chronic conditions are captured in claims data. Our coding teams specialize in the population-level review required to close RAF gaps systematically, not on a claim-by-claim basis.

Quality Reporting Managed End to End

Our team manages the full quality data cycle from EHR extraction through CMS and payer submission, including HEDIS abstraction, eCQM data validation, and payer-specific measure reporting. Quality performance is accurately reported and bonuses are received rather than forfeited to administrative execution failures.

VBC and FFS Billing as a Unified Service

AnnexMed manages VBC reporting alongside standard fee-for-service billing as a coordinated service. This eliminates the coordination gaps and data inconsistencies that occur when quality reporting and revenue cycle billing are managed by separate teams with separate data systems.

Real-Time CFO Financial Visibility

VBP domain monitoring, MSSP cost tracking, HRRP exposure quantification, and MA contract analytics are delivered through Data & Analytics Platform dashboards, giving finance leadership visibility into value-based revenue performance instead of lagging indicators.

No Extra Technology Investment

AI Agents & Intelligent Automation and Data & Analytics Platform are included in the AnnexMed engagement, giving hospitals AI-powered HCC gap detection, quality measure analytics, and VBC dashboards without extra technology or implementation costs.

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Identify VBC revenue gaps in 2 weeks

Get a complimentary VBC assessment. We identify HCC gaps, quality deficiencies, shared savings potential, and penalty exposure with a prioritized improvement plan.

Case Studies

See the impact we deliver

Discover how AnnexMed reduces denials, accelerates reimbursements, and strengthens financial performance. Backed by measurable outcomes and proven RCM expertise, we deliver operational excellence, revenue stability, and sustainable growth you can trust.

Client Voices

See how our clients succeed

Hospital CFOs, revenue integrity directors, and health system finance leaders rely on AnnexMed to succeed financially in value-based care models.

AnnexMed's HCC coding program identified chronic condition gaps across our Medicare Advantage population that had been systematically reducing our capitation payments for years. The RAF score improvement in year one was material and significant.
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David Kauffman

Regional Health System, 480 beds, Mountain West
We had been losing quality bonus payments every year because our HEDIS data was being submitted with abstraction errors. AnnexMed took over the full quality measure cycle and our scores reflected our actual clinical performance for the first time.
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Sarah Vance

Community Medical Center, Southeast Region
What changed was the visibility. We now see VBP domain performance in real time instead of waiting for CMS to tell us what our payment adjustment will be. We can actually manage it now and adjust performance proactively with confidence and clarity.
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Marcus Torres

Academic Medical Center, 620 beds

Proven RCM expertise. Delivered at scale.

For over 20 years, AnnexMed has delivered RCM solutions nationwide, combining expert billing, coding, and AR support to drive measurable results and growth.

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