Physicians Practice January 11, 2021
Waiting to change could negatively affect business
The outcome of a decade-long debate over value-based care is clear: either adapt or a clinician’s practice will suffer. Moreover, adapting to a value-based care model now will allow independent physicians the chance to shape and impact future care models and how success is defined and measured.
For independent physicians, the debate has been whether value-based care or the fee-for-service model is better. Value-based care is a simple concept that links reimbursement for healthcare services, not just to the volume of work performed, but also the quality of the work performed. Providers receive a premium for making thoughtful care decisions that improve the total care experience for the patient. This could mean...