DOTmed August 19, 2022
From the August 2022 issue of HealthCare Business News magazine
Without a doubt, the business of healthcare has experienced significant changes, from the implementation of the Affordable Care Act to the concept of value-based care.
Value-based care (VBC) is based on the view that healthcare professionals should be reimbursed based on the quality of care they deliver rather than volume of services provided. In VBC arrangements, providers contract with payers, such as Medicare, Medicaid, or commercial insurance companies to care for a defined set of patients, known as their “attributed patients.”
The goal of value-based care is to support individuals in achieving their highest possible level of wellness rather than waiting until they are ill to provide care. But under...