Behavioral Economics in Value-Based Care Webcast

Value-based care models rely on financial incentives to change both provider and subscriber behavior. The field of behavioral economics can enhance traditional actuarial methods to predict actual participation rates and performance, as well as success in value-based financial models.

This session examines behavioral economics principles through operating public and private value-based care arrangements, including Centers for Medicare and Medicaid Innovation (CMMI) models as well as private models focused on the Medicare population. The session will highlight how behavioral biases shape value-based care results. For example, how loss aversion drives asymmetric responses to upside versus downside risk, how status quo bias may explain lower-than-expected accountable care organization (ACO) formation, and how present bias affects preventive care utilization.

Speakers will show how incorporating behavioral factors improves participation forecasting, risk-sharing arrangement pricing, and quality bonus structure design. Attendees will come away with an understanding of behavioral economics principles affecting value-based payment models. They will also be able to recognize systematic prediction errors in traditional actuarial approaches and identify opportunities for applying behavioral economics tools to improve actuarial practices such as pricing and provider network modeling.

We highly recommend registering at least one day in advance of the webcast to ensure you receive the access instructions. A confirmation with access instructions is provided shortly after registering, along with a reminder the day before and 1 hour before the webcast. If you do not receive instructions to access the webcast, please email pd@soa.org.

Please note that attendees may not record this meeting or use unauthorized recording or automated meeting tools, including AI note-taking assistants, recording bots, and similar technologies, unless expressly authorized by the event organizer. Registrants should not invite, authorize, or otherwise enable these tools to join on their behalf. Attendance is limited to registered participants only.

Participants who require assistive technology as a reasonable accommodation should contact the event organizer in advance so appropriate arrangements can be made.

Webcast Pricing

Our standard webcast pricing is the convenient way to access a single SOA webcast. Visit the webcast registration information page for details.