Medical Economics December 17, 2024
By harnessing the power of cutting-edge technologies, artificial intelligence-driven systems are helping make value-based care models more accessible.
The focus of modern-day health care institutions is quickly evolving to prioritize the idea of value-based care, with the demand for this model anticipated to grow at a compound annual growth rate of 6.3% between 2024 and 2032. At the heart of this change is the understanding that patients require not just health care but high-quality service at a reasonable cost. Under this model, hospitals and other health care institutions are rewarded for improving patient health rather than focusing on the quantity of services they deliver. Offering an alternative to the traditional fee-for-service model, which rewards providers for the number of services...
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