The optimism and challenges for putting the ‘value’ in value-based care

Everybody’s talking about value-based care, but what does that mean? The Centers for Medicare & Medicaid Services has already met its goal of converting 30% of fee-for-service Medicare payment to value-based payment models and it hopes to bring this up to 50% of payments by 2018.

Yet who defines value and how is it measured? Healthcare Dive turned to experts in the provider community for the answer.

Defining value

When it comes to defining value in healthcare, one source described it as a “sweet spot” between achieving optimal quality and doing so at a reasonable cost.