Lexology March 4, 2024
The goal of value-based care (VBC) is to promote better care for individual patients and improved health outcomes for communities at reduced costs. This is an important and admirable purpose as many VBC stakeholders attempt to tackle inherent challenges within the healthcare sector. In 2023, VBC grew and evolved as healthcare providers, payers and policymakers sought to improve patient results while containing costs. Expect to see more of the same investments and trends in VBC in 2024.
Last year, healthcare providers continued to move away from traditional fee-for-service (FFS) models in favor of alternative payment models – such as the use of bundled payments, capitation and shared losses and savings arrangements – in an attempt to deliver high-quality, cost-effective services...
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