Value-Based Care - Enhancing Patient Outcomes
Value-Based Care FAQ
Can value-based health care improve patient outcomes?
Value-based health care is often conflated with quality, a vague concept that implies myriad virtues and in health care often focuses on inputs and process compliance. Quality improvement efforts may not improve patients’ health outcomes, however; even given similar processes, different teams’ results vary.
What is value based care?
In value-based care, organizations of doctors, hospitals and other health care providers commit to delivering a high standard of care. As part of their participation in Innovation Center models, health providers aim to reduce health care fragmentation and are evaluated on their quality of care and individual health outcomes.
What is value-based healthcare?
This article appeared in NEJM Catalyst prior to the launch of the NEJM Catalyst Innovations in Care Delivery journal. Learn more. Value-based healthcare is a healthcare delivery model in which providers, including hospitals and physicians, are paid based on patient health outcomes.
Does value based health care reduce costs?
Reducing costs is important but not sufficient: If the real goal of value-based health care were cost reduction, pain killers and compassion would be sufficient. Value-based health care is often conflated with quality, a vague concept that implies myriad virtues and in health care often focuses on inputs and process compliance.
What is value-based health care?
The Australian Centre for Value-Based Health Care acknowledges the World Economic Forum definition of value: The health outcomes that matter to patients relative to the resources or costs required.
Is value based health care the same as quality improvement?
While some descriptions conflate value-based health care and cost reduction, quality improvement, or patient satisfaction, those efforts—while important—are not the same as value, which focuses primarily on improving patient health outcomes.
Value-Based Care References
If you want to know more about Value-Based Care, consider exploring links below:
What Is Value-Based Care
- https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7185050/
- https://catalyst.nejm.org/doi/full/10.1056/CAT.17.0558
- https://valuebasedcareaustralia.com.au/
- https://www.health.nsw.gov.au/Value
- https://www.cms.gov/priorities/innovation/key-concepts/value-based-care
- https://www.commonwealthfund.org/publications/explainer/2023/feb/value-based-care-what-it-is-why-its-needed
- https://en.wikipedia.org/wiki/Value-based_health_care
- https://www.isc.hbs.edu/health-care/value-based-health-care/Pages/default.aspx