Value-based Care and Financing in Health Care
Value-based health care is a health care delivery model in which providers, including hospitals and physicians, are paid based on patient outcomes. Under value-based care agreements, providers are rewarded for helping patients improve their health, reduce the effects and incidence of chronic disease and live healthier lives in an evidence-based way.
Value-based care differs from a fee for service or capitated approach, in which providers are paid based on the amount of healthcare services they deliver. The “value” in value-based health care is derived from measuring health outcomes against the cost of delivering the outcomes. Read the full article