Promoting collaboration between primary and specialty care leads to improved patient outcomes, more efficient use of resources, and reduced healthcare costs. The advantages of VBC are clear, emphasizing the potential for better patient outcomes and cost savings. A comprehensive, coordinated approach to care is what we need to align the interests of patients, providers, and payers.
Are you ready for the future of healthcare? Aging technology and outdated business models may be the norm now, but better ways of giving and receiving healthcare are on the horizon. Promoting interoperability and making it easier to share and merge data is the key to giving patients and providers optimal experiences.
Effective implementation of value-based care models is essential for improving patient outcomes. That's why high-quality payer data is critical for accurately assessing provider performance and tracking patient outcomes. With streamlined data sharing between healthcare providers, payers, and patients, everyone has access to the information necessary for informed decision-making. Let's work together to make VBC a reality for all.
The healthcare system has been broken for far too long. But could there be a solution that benefits everyone involved? Value-Based Care has been proven to improve patient outcomes while making the jobs of physicians and payers easier. It's time to shift our focus from a broken system to a sustainable one.
By 2030, CMS is determined to have all traditional Medicare recipients included in value-based payment plans for specialty care. Specialty care has become a fundamental part of healthcare, so CMS is taking substantial steps to improve the efficacy of value-based care systems.
The sluggish progress of the VBC program can be credited to its limited use within primary care practices. While primary care providers only provide 10% of healthcare services, 90% of specialty healthcare services are still paid based on the volume of services provided.
The VBC promise is so compelling that an increasing number of providers, payers, patients, and policymakers are doing what it takes to replace our broken fee-for-service healthcare payment model once and for all.
Value-Based Care arrangements require an unprecedented collaborative approach to contract negotiations in order to achieve improved quality and reduced cost of care.
To stay financially viable, healthcare providers need to think outside the box. That means taking a proactive approach by diversifying their care delivery options and transitioning away from a traditional hospital-only model.
As inflation continues to skyrocket, the healthcare sector is feeling the strain with an alarming uptick in the cost of operation. Currently, at 3.2%, healthcare costs are far lower than their 8.3% market counterparts; however, this won’t last long, and premiums for consumers may soon follow suit as a result of our fee-for-service system being unable to weather these economic storms.