What does 'value-based care' incentivize?

Value-based care incentivizes providers based on patient health outcomes. This approach aligns the interests of healthcare providers with those of patients, focusing on providing high-quality care that improves patient health rather than simply increasing the quantity of services rendered. The emphasis is on the effectiveness of the care and the overall well-being of patients, promoting better health results and enhancing the patient experience.

By rewarding providers for achieving better outcomes, value-based care encourages the implementation of preventive measures, effective management of chronic conditions, and coordinated care, which can lead to improved patient satisfaction, reduced hospital readmissions, and overall healthier populations. This model contrasts with traditional fee-for-service payment structures that focus on the volume of services provided, which may not necessarily correlate with better patient health outcomes.