As the Medicare population grows and providers develop an appetite for risk, health plans and providers need to work together to develop reasonable terms, good working relationships, and opportunities for both parties to win. In this session, we address key considerations for Medicare Advantage value based contracting, including challenges and risks to providers and health plans. We also discuss alternatives to Medicare Advantage that providers are increasingly embracing, such as Medicare Shared Savings Programs, Bundled Payments for Care Improvement, Direct Contracting, and other CMS programs. Finally, we address how providers can create aligned strategies to care for their Medicare Advantage and traditional Medicare populations and how health plans can support (and benefit from!) these efforts.