What is value-based care?

Value-based care is a delivery model that centers on improving patient outcomes while simultaneously reducing healthcare costs. This approach shifts the focus from the volume of services rendered to the quality of care provided. In a value-based care system, healthcare providers are incentivized to provide efficient, high-quality services that lead to better health outcomes for patients, rather than simply performing a high number of procedures or visits.

This model encourages providers to focus on preventive care and effective management of chronic conditions, which can lead to a reduction in unnecessary tests and procedures. By tying reimbursement rates to the value of care delivered, rather than the quantity, healthcare systems aim to enhance patient health results, increase patient satisfaction, and control rising healthcare expenditures.