DOTmed October 27, 2020
Value-based care: A big wave that changed the U.S. healthcare landscape
Traditional fee-for-service models have long challenged the industry due to conflicting priorities. Providers work to maximize reimbursement for the services they provide, while payers continue to reduce payments. Unfortunately, patient outcomes were not the center of the compensation structure. The evolution to value-based care (VBC) is the paradigm shift that realigns the payer-provider relationship to a more proactive and collaborative one, focused on the patient’s overall well-being.
Over the last decade numerous efforts have been made to encourage VBC models, including interoperability so patient data exchange becomes seamless. However, there is still significant work to do to achieve the ultimate goal of improving patient care. While there is never...