As part of the ongoing movement toward systemic healthcare reform, the industry is moving away from the fee-for-service payment model to value-based payments models. Under the traditional fee-for-service payment model, providers are paid for each patient intervention – an office visit, diagnostic test, or procedure. Value-based model, on the other hand, focuses not on the quantity of care, but on providing the right care, in the context of the patient’s immediate needs and overall health, at the lowest cost while ensuring the best possible outcomes.
In this Quick Guide you will learn:
- Our three key factors that contribute to value-based care
- How value-based care impacts your outcomes and your bottom line
- How accountable care organizations (ACOs) fit into this care model
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