AAMC March 30, 2023
By Theresa Dreyer, MPH, Manager, Value Based Care
By Karen Joynt Maddox, MD, MPH, Washington University School of Medicine
The mission of value-based care (VBC) is to link health care payments to the quality of care patients receive. The goal is to change the financial incentives of the dominant fee-for-service system that pays health care providers more for doing more rather than for doing better. While most agree that “value” in health care must combine both cost and quality, debates about exactly what “value” means and how it is measured have occupied policymakers for decades.
Since 2010, federal policymakers have invested billions of dollars in the Center for Medicare and Medicaid Innovation (CMMI), which tests VBC models that aspire...
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