Value-Based Care is Key to Improving Outcomes and Reducing Costs
I recently read an insightful article from the American Institute of Healthcare Compliance (AIHC) that discusses the importance of value-based care models in improving health outcomes while reducing costs.
The article provides background on why the US healthcare system is transitioning from traditional fee-for-service models to value-based care. Key reasons include unsustainably high costs and subpar outcomes compared to other countries.
To address this, CMS has implemented various value-based programs that reward providers for quality of care rather than quantity. These include the Hospital Value Based Purchasing Program, Hospital Readmission Reduction Program, and more.
The article then outlines the four main types of value-based care models:
As value-based care continues to expand, having reliable analytics will be essential for healthcare organizations to thrive. This shift ultimately benefits patients through more coordinated care and better outcomes.
I highly recommend reading the full article for more details on the history and key concepts behind value-based care.
aihc-assn.org
I recently read an insightful article from the American Institute of Healthcare Compliance (AIHC) that discusses the importance of value-based care models in improving health outcomes while reducing costs.
The article provides background on why the US healthcare system is transitioning from traditional fee-for-service models to value-based care. Key reasons include unsustainably high costs and subpar outcomes compared to other countries.
To address this, CMS has implemented various value-based programs that reward providers for quality of care rather than quantity. These include the Hospital Value Based Purchasing Program, Hospital Readmission Reduction Program, and more.
The article then outlines the four main types of value-based care models:
- Pay for Performance
- Bundled Payments
- Shared Savings (e.g. ACOs)
- Capitation (e.g. HMOs)
As value-based care continues to expand, having reliable analytics will be essential for healthcare organizations to thrive. This shift ultimately benefits patients through more coordinated care and better outcomes.
I highly recommend reading the full article for more details on the history and key concepts behind value-based care.
Why Data Analytics are Critical in a Value-Based Care (VBC) Environment
Learn how data analytics can help C-Suite Executives make informed decisions in a Value-Based Care (VBC) environment.
aihc-assn.org