What does "value-based care" refer to?

"Value-based care" refers to a healthcare delivery model that emphasizes patient health outcomes as the primary measure of success. In this model, providers are incentivized to focus on the quality of care they deliver rather than the volume of services provided. The goal is to ensure that patients receive effective treatments that lead to positive health outcomes, encouraging a holistic approach to patient management.

This model contrasts with traditional fee-for-service models, where providers may be compensated regardless of how well a patient fares after treatment. By linking reimbursement to the outcomes achieved, healthcare systems aim to improve overall patient satisfaction, reduce unnecessary interventions, and ensure that care is both efficient and effective. This approach not only promotes better health for individuals but can also lead to cost savings for broader healthcare systems in the long run, as improved outcomes often translate to lower rates of complications and readmissions.