What VBC Providers Demand From Their IT Solutions
Published: May 18, 2023
16th May 2023 – Rohinee Lal – Featured on hitconsultant.net
Value-based care (VBC) is a healthcare delivery model that differs from traditional fee-for-service because rather than compensating providers based on the number of services provided, it ties the amount providers earn to the results they deliver for their patients. The quality of these healthcare services is measured by patient outcomes that are based on metrics such as rate of hospital readmission, timeliness of care, and overall patient satisfaction. This VBC model holds providers accountable for improving population health outcomes while simultaneously allowing them greater flexibility to decide how care is delivered to their beneficiaries.
The VBC delivery model encompasses various approaches with the most common being Accountable Care Organisations (ACOs) and Integrated Delivery Networks (IDNs) in the US and Integrated Care Systems (ICS) in the UK. Both countries’ approaches are networks of healthcare providers (hospitals and physicians) who work together to deliver high-quality coordinated care to beneficiaries while controlling costs….Share on LinkedIn