Medical Economics September 23, 2024
Incentivizing high-quality care reduces costs while improving patient outcomes.
Value-based care (VBC) is a health care payment model that shifts the focus from the volume of services provided to the quality of care delivered. This paradigm shift aims to improve patient outcomes, reduce costs, and enhance the overall efficiency of the health care system. Medicare, as one of the largest health care payers in the United States, has played a pivotal role in implementing VBC initiatives.
One of the key advantages of VBC for Medicare is its potential to reduce health care costs. By incentivizing providers to deliver high-quality care efficiently, VBC can help curb unnecessary procedures, hospitalizations, and other costly medical interventions. This can lead to significant savings.
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