Healthcare professionals have been commending the benefits of value-based care, and are committing to its practice in their facilities, but what is value-based care?
This model compensates healthcare professionals based on the quality of a patient’s outcome, as well as the quality of their care, with metrics like equity and cost. This model incentivizes healthcare providers to offer the best care, and is more likely to hold them accountable if they offer substandard care.
➡️What does this look like for healthcare professionals?
Healthcare professionals will face less pressure to perform as many services as possible, and can instead focus on offering the best care with the highest quality service.
➡️What does this look like for patients?
Patients will pay substantially less for their treatment in return for more satisfactory care. Value-based care prioritizes a holistic approach to patient treatment, providing access to high-quality care, therefore preventing the onset of chronic illnesses.
Value-based care is becoming a new standard for healthcare facilities nationwide. Keeping our clients and business partners up to date on industry news is a top priority for Marcam Associates, which is why we recommend you read more about this value-based care model on our website:
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