Understand the difference between Fee-for-Service and Value-Based Care:
It’s the first step toward driving change.
- Healthcare providers are independently paid for each service performed.
- FFS value-based care models drive quantity over quality and enable inefficiencies to continue.
- Providers are paid based on better patient outcomes and experience.
- True value-based care models drive prospective, quality-driven care and efficiency.
While value-based care as a concept has been around for decades, successful execution remains in its infancy. The traditional payment model—fee-for-service—still dominates the world of healthcare and continues to influence the way VBC is defined.
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