Value-based care is the opposite—a system of medicine that focuses on the outcomes instead of the volume of care, ensuring patients get the highest quality care while also focusing on controlling the costs. This approach is designed around patients, with the goal of improving patient health while reducing healthcare costs. It’s about getting the right care, in the right place and at the right time.
The United States spends up to three times as much on healthcare per capita as other nations with comparable incomes, but the U.S. still has a lower life expectancy, more chronic disease diagnoses and poorer health outcomes.1
The idea behind value-based care is simple: improve the quality of healthcare while simultaneously reducing costs. Healthcare organizations around the country, including outpatient clinics, hospitals and insurance providers, have been making the shift to value-based care over the past several years, and many patients are now seeing the effects of this shift. Read more…
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1 Source: Organization for Economic Co-operation and Development; World Health Organization; European Observatory on Health Systems and Policies 2017
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