{"id":12266,"date":"2024-07-04T08:33:29","date_gmt":"2024-07-04T08:33:29","guid":{"rendered":"https:\/\/distilinfo.com\/healthplan\/?p=12266"},"modified":"2024-07-04T08:33:29","modified_gmt":"2024-07-04T08:33:29","slug":"value-based-care-patient-outcome","status":"publish","type":"post","link":"https:\/\/distilinfo.com\/healthplan\/value-based-care-patient-outcome\/","title":{"rendered":"How Value-Based Care is Transforming Patient Outcomes and Healthcare Payments?"},"content":{"rendered":"\r\n<div id=\"rank-math-toc\" class=\"wp-block-rank-math-toc-block has-electric-grass-gradient-background has-background\"><nav>\r\n<ul>\r\n<li><a href=\"#value-based-care-what-is-it\">Value-Based Care: What is it?\u00a0<\/a><\/li>\r\n<li><a href=\"#understand-reimbursement-strategies-in-the-value-based-care\">Understand Reimbursement Strategies In The Value-Based Care<\/a><\/li>\r\n<li><a href=\"#how-does-the-absence-of-value-based-care-impact-patient-outcomes-management-costs\">How Does the Absence of Value-based Care Impact Patient Outcomes &amp; Management Costs?<\/a><\/li>\r\n<li><a href=\"#top-7-ways-in-which-value-based-care-models-are-reshaping-healthcare-payments\">Top 7 Ways In Which Value-Based Care Models Are Reshaping Healthcare Payments<\/a>\r\n<ul>\r\n<li><a href=\"#1-improved-care-coordination\">1. Improved Care Coordination<\/a><\/li>\r\n<li><a href=\"#2-improved-cost-efficiency\">2. Improved Cost Efficiency<\/a><\/li>\r\n<li><a href=\"#3-reduces-overutilization\">3. Reduces Overutilization\u00a0<\/a><\/li>\r\n<li><a href=\"#4-improved-quality-of-care\">4. Improved Quality of Care<\/a><\/li>\r\n<li><a href=\"#5-patient-centered-care\">5. Patient-Centered Care<\/a><\/li>\r\n<li><a href=\"#6-improved-supplier-relationships\">6. Improved Supplier Relationships\u00a0<\/a><\/li>\r\n<li><a href=\"#7-encouraging-healthy-lifestyles\">7. Encouraging Healthy Lifestyles\u00a0<\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<li><a href=\"#bonus-tip-how-healthcare-payers-can-execute-more-successful-value-based-care-models\">Bonus Tip: How Healthcare Payers Can Execute More Successful Value-Based Care Models?<\/a>\r\n<ul>\r\n<li><a href=\"#1-view-vbc-as-a-continuous-process\">1. View VBC as a Continuous Process\u00a0<\/a><\/li>\r\n<li><a href=\"#2-integrate-data-driven-technologies\">2. Integrate Data-Driven Technologies<\/a><\/li>\r\n<li><a href=\"#3-empower-care-teams-with-the-right-tools\">3. Empower Care Teams with the Right Tools<\/a><\/li>\r\n<li><a href=\"#4-measure-and-evaluate-outcomes-at-each-stage\">4. Measure and Evaluate Outcomes at Each Stage<\/a><\/li>\r\n<li><a href=\"#final-words\">Final Words<\/a><\/li>\r\n<li><a href=\"#fa-qs\">FAQs<\/a>\r\n<ul>\r\n<li><a href=\"#1-what-is-value-based-care-and-how-does-it-differ-from-fee-for-service\">1. What is Value-Based Care and how does it differ from Fee-for-Service?<\/a><\/li>\r\n<li><a href=\"#2-how-does-value-based-care-improve-patient-outcomes\">2. How does Value-Based Care improve patient outcomes?<\/a><\/li>\r\n<li><a href=\"#3-what-are-some-common-reimbursement-strategies-under-value-based-care\">3. What are some common reimbursement strategies under Value-Based Care?<\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>\r\n<\/nav><\/div>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Do you know how <\/span><a href=\"https:\/\/distilinfo.com\/healthplan\/value-based-care-developments\/\"><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> is reshaping healthcare programs<\/span><\/a><span style=\"font-weight: 400;\">? If you are unaware then you must surely get into this quick guide. You all know how rapidly technology is changing. In recent years, with the advancement in healthcare, more and more patients are prone to various health risks. The patients are so injected with different diseases that most of them are continuously spending millions of their money just to get <\/span><b>quality care<\/b><span style=\"font-weight: 400;\">. As the demand for quality care increases rapidly, <\/span><b>healthcare payers<\/b><span style=\"font-weight: 400;\"> and hospitals have begun implementing <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> practices that will emphasize not only <\/span><b>risk-sharing<\/b><span style=\"font-weight: 400;\"> but also offer <\/span><b>care coordination<\/b><span style=\"font-weight: 400;\"> solutions.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">But, wait a minute, if you are someone who doesn&#8217;t know about <\/span><b>Value-Based Care (VBC)<\/b><span style=\"font-weight: 400;\"> models, you have come to the right place. This quick guide will cover everything about\u00a0 <\/span><span style=\"font-weight: 400;\"><b>VBC<\/b><\/span><span style=\"font-weight: 400;\">\u00a0models and that surely will help you adapt to the healthcare trends. Come let&#8217;s quickly get into it!\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<h1 id=\"value-based-care-what-is-it\" class=\"wp-block-heading\"><b>Value-Based Care: What is it?\u00a0<\/b><\/h1>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">In simple terms, <\/span><a href=\"https:\/\/www.cms.gov\/priorities\/innovation\/key-concepts\/value-based-care\" target=\"_blank\" rel=\"noopener\"><b>Value-Based Care<\/b><\/a><span style=\"font-weight: 400;\"> refers to the healthcare model that lays down certain aspects of how the services must be delivered to the patients. That is, whether it be doctors, hospitals, and other <\/span><b>healthcare payers, <\/b><span style=\"font-weight: 400;\">everyone must check and go through these aspects while treating their patients. But, do you know before the introduction of the <b>VBC<\/b><\/span><span style=\"font-weight: 400;\">\u00a0model, what model was used? If you are unaware then let us tell you it was a <\/span><b>Fee-for-Service<\/b><span style=\"font-weight: 400;\"> model. Yes, in simple terms, the <\/span><b>Fee-for-Service model<\/b><span style=\"font-weight: 400;\"> was a model where the hospitals, <\/span><b>healthcare providers<\/b><span style=\"font-weight: 400;\">, and doctors received payment based on the amount of services they offered to the patients.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Nevertheless, the US healthcare system underwent a complete transformation in 2010 after the passage of the ACA and the <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> model was adopted. At present, hospitals and other <\/span><b>healthcare providers<\/b><span style=\"font-weight: 400;\"> receive payment based on the outcomes of their patients. In short, regardless of your role in the hospital, or <\/span><b>healthcare payer<\/b><span style=\"font-weight: 400;\">, it is necessary to help patients deal with chronic illness and encourage them to improve their quality of life. Especially the ones who are injured and facing drastic diseases and their outcomes.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<h1 id=\"understand-reimbursement-strategies-in-the-value-based-care\" class=\"wp-block-heading\"><b>Understand Reimbursement Strategies In The Value-Based Care<\/b><\/h1>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Before delving into how the <b>VBC<\/b><\/span><b>\u00a0model<\/b><span style=\"font-weight: 400;\"> is impacting the healthcare system, let&#8217;s first examine the alterations made during the shift from <\/span><b>Fee-for-Service<\/b><span style=\"font-weight: 400;\"> to <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\">. Usually, the most significant change that occurred in the healthcare sector resulted in the establishment of <\/span><b>reimbursement strategies<\/b><span style=\"font-weight: 400;\">. Let&#8217;s examine the table listing the top 5<\/span><b> reimbursement strategies<\/b><span style=\"font-weight: 400;\"> utilized in the healthcare industry.<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\">\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td><b>Reimbursement Strategies<\/b><\/td>\r\n<td><b>Description<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Fee-for-Service<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Incentives based on performance using quality metrics like effectiveness, efficiency, timeliness, safety, patient focus, and fairness.<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Value-Based Care<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Providers share financial risk with payers, receiving bonuses for good performance and potentially losing money for poor performance.<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Bundled Payments<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">A single payment covers all services for a specific treatment or condition, encouraging coordinated care to reduce costs while maintaining quality.<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Capitated Payments<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Providers receive a set amount per patient, regardless of services used, promoting efficient care management to avoid unnecessary treatments.<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Population Health Management<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Payments are based on the overall health outcomes of a patient population, focusing on long-term health improvements and preventive care.<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">These above-mentioned <\/span><b>reimbursement strategies<\/b><span style=\"font-weight: 400;\"> require additional investment in other specific programs. Let us look into each of these.\u00a0\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\">\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td><b>Additional Investments<\/b><\/td>\r\n<td><b>Description<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Health Information Technology (HIT)<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Advanced technology to track and manage patient data.<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Quality and Outcomes Analytics<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Tools for analyzing and reporting healthcare quality and patient outcomes.<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Care Coordination<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Collaboration with Accountable Care Organizations (ACOs) and Patient-Centered Medical Homes for integrated and coordinated care.<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<h1 id=\"how-does-the-absence-of-value-based-care-impact-patient-outcomes-management-costs\" class=\"wp-block-heading\"><b>How Does the Absence of Value-based Care Impact Patient Outcomes &amp; Management Costs?<\/b><\/h1>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Let us look at what will be the impact on <\/span><b>patient outcomes<\/b><span style=\"font-weight: 400;\"> and management costing in the absence of <\/span><b>Value-based Care.\u00a0<\/b><\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\">\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td><b>Impact on Patient Outcomes<\/b><\/td>\r\n<td><b>Description<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Lower Quality Care<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Patients will be risking their lives by receiving lower-quality care, affecting health outcomes.<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Decreased Satisfaction<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Patients will experience lower mental satisfaction with their healthcare.<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Higher Costs<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Patients will be charged high amounts for appointments, consultations, tests, and treatments.<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\">\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td><b>Impact on Management Costing<\/b><\/td>\r\n<td><b>Description<\/b><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Increased Spending<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Overall healthcare spending will increase significantly.<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Incentive for Unnecessary Services<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Practitioners will be incentivized to perform more tests and procedures.<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Potential Overdiagnosis<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">Physicians will run unnecessary tests and perform expensive procedures to improve diagnosis accuracy.<\/span><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><span style=\"font-weight: 400;\">Financial Benefit to Management<\/span><\/td>\r\n<td><span style=\"font-weight: 400;\">There will be an increase in unnecessary services and procedures. This will, as a result, benefit the hospital management financially.<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<h1 id=\"top-7-ways-in-which-value-based-care-models-are-reshaping-healthcare-payments\" class=\"wp-block-heading\"><b>Top 7 Ways In Which Value-Based Care Models Are Reshaping Healthcare Payments<\/b><\/h1>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Let us look into how <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> models are reshaping the healthcare industry.\u00a0<\/span><b><\/b><\/p>\r\n\r\n\r\n\r\n<h2 id=\"1-improved-care-coordination\" class=\"wp-block-heading\"><b>1. Improved Care Coordination<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The first way <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> is reshaping healthcare payments is through improved <\/span><b>care coordination<\/b><span style=\"font-weight: 400;\">. With the implementation of the <b>VBC<\/b><\/span><span style=\"font-weight: 400;\">\u00a0model, fragmented care is reduced. Currently, a great emphasis is placed on collaboration among multiple <\/span><b>healthcare providers<\/b><span style=\"font-weight: 400;\">. This, as a result, ensures that patients with chronic conditions receive comprehensive and efficient management. By integrating <\/span><b>care coordination<\/b><span style=\"font-weight: 400;\">, all <\/span><b>healthcare payers <\/b><span style=\"font-weight: 400;\">are getting involved in the patient&#8217;s treatment and working together to address the patient&#8217;s health needs comprehensively. This leads to better <\/span><b>patient outcomes<\/b><span style=\"font-weight: 400;\"> and more efficient use of resources.<\/span><b><\/b><\/p>\r\n\r\n\r\n\r\n<h2 id=\"2-improved-cost-efficiency\" class=\"wp-block-heading\"><b>2. Improved Cost Efficiency<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The second way <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> is reshaping healthcare payments is the <\/span><b>cost efficiency<\/b><span style=\"font-weight: 400;\">. With the implementation of <\/span><b>Value-Based Care, <\/b><span style=\"font-weight: 400;\">the <\/span><b>healthcare payers<\/b><span style=\"font-weight: 400;\"> and physicians are judiciously using healthcare resources. This, as a result, reduces unnecessary healthcare spending and encourages only necessary services and tests. This lowers the costs for both patients and the overall healthcare system. Patients benefit from the <\/span><b>cost-efficiency<\/b><span style=\"font-weight: 400;\"> model as it reduces unnecessary charges, while the system as a whole becomes more sustainable.<\/span><b><\/b><\/p>\r\n\r\n\r\n\r\n<h2 id=\"3-reduces-overutilization\" class=\"wp-block-heading\"><b>3. Reduces Overutilization\u00a0<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The third way <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> impacts healthcare payments is by reducing overutilization. Unlike <\/span><b>Fee-for-Service<\/b><span style=\"font-weight: 400;\"> models that focused on unnecessary expenses like more testing, reporting, or check-ups. The <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> model worked on evidence-based practices. Yes, if the report or the prescription suggests any testing or surgery, then only it would be recommended. Otherwise, it avoids unnecessary tests and procedures. This, as a result, creates a more streamlined and cost-efficient pathway that reduces the financial burden of the patients to a great extent.<\/span><b><\/b><\/p>\r\n\r\n\r\n\r\n<h2 id=\"4-improved-quality-of-care\" class=\"wp-block-heading\"><b>4. Improved Quality of Care<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The fourth way <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> impacts healthcare payments is by ensuring consistent <\/span><b>quality of care<\/b><span style=\"font-weight: 400;\">. Ideally, the implementation of <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> focuses on delivering <\/span><b>quality of care<\/b><span style=\"font-weight: 400;\"> to every patient. This, as a result, boosts the <\/span><b>quality of care<\/b><span style=\"font-weight: 400;\"> and leads to improved patient safety. Thereby, the patient outcomes get improved to a certain extent.\u00a0<\/span><b><\/b><\/p>\r\n\r\n\r\n\r\n<h2 id=\"5-patient-centered-care\" class=\"wp-block-heading\"><b>5. Patient-Centered Care<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The fifth way <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> reshaping the healthcare industry is through patient-centered care. Currently, with the implementation of <\/span><b>Value-Based Care,<\/b><span style=\"font-weight: 400;\"> all the <\/span><b>healthcare payers<\/b><span style=\"font-weight: 400;\"> and hospitals are focusing on individual care plans. It means whether you are reporting to the hospitals or <\/span><b>healthcare providers, <\/b><span style=\"font-weight: 400;\">each one of them is entitled to create customized plans based on each patient&#8217;s unique needs and preferences. Due to the increase in personalized reporting, the <\/span><b>quality of care<\/b><span style=\"font-weight: 400;\"> for each patient is greatly improved. This enhances patient outcomes, making the healthcare industry more responsive towards individual goals and circumstances.<\/span><b><\/b><\/p>\r\n\r\n\r\n\r\n<h2 id=\"6-improved-supplier-relationships\" class=\"wp-block-heading\"><b>6. Improved Supplier Relationships\u00a0<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The sixth way by which <b>VBC<\/b><\/span><span style=\"font-weight: 400;\">\u00a0is reshaping healthcare payments is by improving the relationships of <\/span><b>healthcare payers<\/b><span style=\"font-weight: 400;\"> with suppliers. Ideally, physicians or <\/span><b>healthcare providers<\/b><span style=\"font-weight: 400;\"> who are operating under <b>VBCv<\/b><\/span><span style=\"font-weight: 400;\">\u00a0models are finding it easy to obtain high-quality medical equipment and supplies that directly align with their patients&#8217; and hospitals&#8217; goals. As a result of this, the suppliers are getting good responses from the <\/span><b>healthcare payers<\/b><span style=\"font-weight: 400;\">. Thereby, they have started targeting more and more <\/span><b>healthcare providers<\/b><span style=\"font-weight: 400;\"> leading a boost in their business and also contributing to positive <\/span><b>patient outcomes<\/b><span style=\"font-weight: 400;\"> in the healthcare sector.\u00a0<\/span><b><\/b><\/p>\r\n\r\n\r\n\r\n<h2 id=\"7-encouraging-healthy-lifestyles\" class=\"wp-block-heading\"><b>7. Encouraging Healthy Lifestyles\u00a0<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The seventh way <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> is reshaping healthcare payments is by encouraging healthy lifestyles. Yes, with the implementation of <\/span><b>Value-Based Care, healthcare payers<\/b><span style=\"font-weight: 400;\"> have taken a new initiative. It has started rewarding employees who are conscious about their health and quit their bad habits like smoking, drinking, etc. This, as a result, reduced the medical costs and improved the overall <\/span><b>patient outcomes<\/b><span style=\"font-weight: 400;\">. Not just that, due to preventive measures taken on a better lifestyle, a culture of wellness is established that is leading to long-term health benefits for individuals and communities.<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">That&#8217;s it! Now that are you aware of how <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> is reshaping the healthcare industry, let us look at how <\/span><b>healthcare payers<\/b><span style=\"font-weight: 400;\"> can implement more\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">successful <\/span><b>Value-Based Care models <\/b><span style=\"font-weight: 400;\">in the coming times. Below we have listed a few tips that will surely help you frame the right <\/span><b>Value-Based Care<\/b><span style=\"font-weight: 400;\"> models.<\/span><\/p>\r\n\r\n\r\n\r\n<h1 id=\"bonus-tip-how-healthcare-payers-can-execute-more-successful-value-based-care-models\" class=\"wp-block-heading\"><b>Bonus Tip: How Healthcare Payers Can Execute More Successful Value-Based Care Models?<\/b><b><\/b><\/h1>\r\n\r\n\r\n\r\n<h2 id=\"1-view-vbc-as-a-continuous-process\" class=\"wp-block-heading\"><b>1. View VBC as a Continuous Process\u00a0<\/b><\/h2>\r\n\r\n\r\n\r\n<p>The first tip is to view the VBC as a continuous process, not a one-time setup.<br \/><b><\/b><\/p>\r\n\r\n\r\n\r\n<h2 id=\"2-integrate-data-driven-technologies\" class=\"wp-block-heading\"><b>2. Integrate Data-Driven Technologies<\/b><\/h2>\r\n\r\n\r\n\r\n<p>The second tip is to integrate data-driven technologies. Ideally, most of the data is often fragmented and siloed in EHRs, claims data, labs, etc. If you use advanced data technologies, you can easily integrate and utilize this data effectively.<br \/><b><\/b><\/p>\r\n\r\n\r\n\r\n<h2 id=\"3-empower-care-teams-with-the-right-tools\" class=\"wp-block-heading\"><b>3. Empower Care Teams with the Right Tools<\/b><\/h2>\r\n\r\n\r\n\r\n<p>The third tip is to empower care teams with the right tools. Ideally, the Health Information Technology (HIT) systems can aid in <b>care coordination<\/b>, patient engagement, SDOH assessments, and smart workflows. These tools reduce administrative work, allowing care teams to focus more on patient engagement and quality care.<\/p>\r\n\r\n\r\n\r\n<h2 id=\"4-measure-and-evaluate-outcomes-at-each-stage\" class=\"wp-block-heading\"><b>4. Measure and Evaluate Outcomes at Each Stage<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">The fourth tip is to measure and evaluate outcomes at each stage. That is to say, try to focus on achieving quality at every patient touchpoint and look for utilizing the analysis to identify trends and opportunities for improvement. This can be obtained easily if the <\/span><b>healthcare providers<\/b><span style=\"font-weight: 400;\"> submit <\/span><b>patient outcome<\/b><span style=\"font-weight: 400;\"> reports to CMS. This will boost the measurement and evaluation in each step.<\/span><\/p>\r\n\r\n\r\n\r\n<h2 id=\"final-words\" class=\"wp-block-heading\"><b>Final Words<\/b><\/h2>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">In conclusion,<\/span><b> Value-Based Care<\/b><span style=\"font-weight: 400;\"> represents a pivotal role in the way healthcare services are delivered. This model not only improves patient satisfaction and health outcomes but also ensures sustainable healthcare costs. As technology advances, embracing <b>VBC<\/b><\/span><span style=\"font-weight: 400;\">\u00a0promises a future where quality and patient-centeredness can go side by side and create a harmonization in the way healthcare services are rendered.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<p><span style=\"font-weight: 400;\">Looking for a reliable platform that can provide <\/span><b>medical updates <\/b><span style=\"font-weight: 400;\">in the <\/span><b>healthcare sector<\/b><span style=\"font-weight: 400;\">? Discover the latest <\/span><a href=\"https:\/\/distilinfo.com\/healthplan\/\"><b>payers&#8217; news updates<\/b><\/a><span style=\"font-weight: 400;\"> with a single click. Follow DistilINFO HealthPlan and stay ahead with the timely payer&#8217;s news updates. Join our community today!<\/span><\/p>\r\n\r\n\r\n\r\n<h2 id=\"fa-qs\" class=\"wp-block-heading\"><b>FAQs<\/b><b><\/b><\/h2>\r\n\r\n\r\n\r\n<h3 id=\"1-what-is-value-based-care-and-how-does-it-differ-from-fee-for-service\" class=\"wp-block-heading\"><b>1. What i<\/b><strong>s VBC an<\/strong><b>d how does it differ from Fee-for-Service?<\/b><\/h3>\r\n\r\n\r\n\r\n<p><b>Ans.<\/b><span style=\"font-weight: 400;\"> Value-based care is a healthcare delivery model where providers are paid based on patient health outcomes rather than the volume of services provided, as in the Fee-for-Service model.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"2-how-does-value-based-care-improve-patient-outcomes\" class=\"wp-block-heading\"><b>2. How does Value-Based Care improve patient outcomes?<\/b><\/h3>\r\n\r\n\r\n\r\n<p><b>Ans. <\/b><span style=\"font-weight: 400;\">Value-based care improves patient outcomes by emphasizing care coordination, reducing unnecessary tests and procedures, and focusing on long-term health and preventive care.\u00a0<\/span><\/p>\r\n\r\n\r\n\r\n<h3 id=\"3-what-are-some-common-reimbursement-strategies-under-value-based-care\" class=\"wp-block-heading\"><b>3. What are some common reimbursement strategies under Value-Based Care?<\/b><\/h3>\r\n\r\n\r\n\r\n<p><b>Ans. <\/b><span style=\"font-weight: 400;\">Common reimbursement strategies under Value-Based Care include bundled payments, capitated payments, and population health management. These strategies promote efficient care management, coordinated care, and a focus on improving overall health outcomes for patient populations.<\/span><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Do you know how Value-Based Care is reshaping healthcare programs? If you are unaware then you must surely get into&#8230; <a href=\"https:\/\/distilinfo.com\/healthplan\/value-based-care-patient-outcome\/\" style=\"white-space: nowrap;\">Continue Reading <i class=\"fas fa-long-arrow-alt-right\" style=\"vertical-align: middle;\"><\/i><\/a><\/p>\n","protected":false},"author":1,"featured_media":12267,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[106],"class_list":{"0":"post-12266","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-distilinfo-originals","8":"tag-value-based-care","9":"entry"},"_links":{"self":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/12266"}],"collection":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/comments?post=12266"}],"version-history":[{"count":5,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/12266\/revisions"}],"predecessor-version":[{"id":12305,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/posts\/12266\/revisions\/12305"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/media\/12267"}],"wp:attachment":[{"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/media?parent=12266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/categories?post=12266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/distilinfo.com\/healthplan\/wp-json\/wp\/v2\/tags?post=12266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}