How Value-Based Care Models Are Impacting Billing Practices
HealthIT Answers May 20, 2024
By Isaac Smith, Billing/coding/reimbursement specialist, Medcare MSO
Strategies Providers Can Implement To Succeed In This New Reimbursement Landscape
Medical billing is a field that is constantly evolving, with new updates and developments. One such development is value-based care, which is currently transforming the medical billing industry. Value-based care is a provider payment model that prioritizes high-quality healthcare over the quantity of services. The goal of this payment model is to provide better care to patients while reducing the cost of care.
This article is a guide on value-based care models, what they are, how they impact billing practices, and what strategies should be adopted to succeed in this new reimbursement landscape.
So, without any further ado, let’s dive into the...