Saturday, September 27, 2014

Value Based Care

The concept of "value" has now firmly taken root.
These demands for greater value in the use of increasingly precious resources are producing effects across all sectors of healthcare-related products and services. For example, value-based delivery system reimbursement continues to advance and is increasingly supported by more robust measures of quality and cost-effectiveness.
Transparent reporting of performance is reaching critical mass, although not without controversy in some physician communities. Encouragingly, the "Choosing Wisely" campaign led by several medical societies, and supported by influential patient advocacy organizations, does signal recognition by clinicians that evidence-proven wasteful practices require serious attention.
Value-based reimbursement is also becoming aligned with value-based health benefits and value-based technology assessment. Taken together, these three initiatives are gaining a critical mass effect.
Value Based Care:   for  whom ?
Where is the value assigned, the provider who works tirelessly to see all his patients, finish his paperwork, save for retirement, support a family, pay health insurance premiums?
So, don't insurance companies gain with value based care, expecially if they assign the value based upon increased, or at least stable profits.
For patients it is the matter of do you know what you are buying, and how much does it cost?

1 comment:

  1. I like your blog….it’s very informative. Patient engagement is key to improving outcomes. This paper gives you the six key factors for success: