Lexology December 27, 2023
Seventeen healthcare stakeholder groups have come together to support The Value in Health Care Act, a bill that a bipartisan coalition reintroduced in Congress this summer. The bill supports a shift in the medical care industry from the current fee-for-service model to an accountable care model, which assigns compensation to medical providers based on health outcomes. Instead of incentivizing physicians to prescribe specific medications and tests during office visits, accountable care encourages physicians to independently spend time assessing their patients and receive compensation based on the outcomes of the care they provide.
The bill contains several improvements to the existing Centers for Medicare and Medicaid Services (CMS) value-based program, which led to its endorsement by multiple stakeholders. These improvements include...
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