Revolutionizing Provider-Payer Relationships with Value-Based Care
In recent years, the healthcare landscape has been shifting towards a new model of care known as value-based care. This approach is changing how healthcare providers and payers (insurance companies) interact, focusing on delivering better patient outcomes rather than just performing more services. Let's explore how value-based care revolutionizes the relationships between providers and payers and what it means for patients. What is Value-Based Care? Value-based care is a healthcare delivery model emphasizing high-quality care while controlling costs. Unlike the traditional fee-for-service model, where providers pay for each service or procedure they perform, value-based care rewards providers for achieving better patient health outcomes. The primary goals are the quality of care, patient satisfaction, and overall health improvements rather than the volume of services. How Value-Based Care Changes the Game? Shifting Focus to Patient Outcomes Healthcare providers paid based on the n...