HealthIT Answers August 5, 2024
Lynn Carroll, Chief Operating Officer, HSBlox
David Wolf, Vice President, Product Management, MedeAnalytics
The fundamental goal of value-based care (VBC) is to improve patient health outcomes by prioritizing preventive care and wellness, thereby reducing overall healthcare spending through better management of costly chronic diseases.
Heart disease, stroke, diabetes, cancer, Alzheimer’s disease, and other chronic conditions are responsible for 90% of the $4.5 trillion in annual U.S. healthcare expenses. (For context, U.S. healthcare spending in 2000 was $1.4 trillion; in 1970 it was $74.1 billion.)
VBC models come in many flavors, including accountable care organizations (ACOs), bundled payments, and patient-centered medical homes (PCMHs). To be effective, VBC models are dependent on collaboration between providers, patients, payers, and other stakeholders, such as community-based organizations...
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