What Is Value Based Care, And Why Is The Healthcare Industry Suddenly So Interested In It?

Value-Based Care (VBC) focuses on delivering high-quality care to patients based on health outcomes rather than the quantity of services provided. This contrasts with the fee-for-service (FFS) model where payment is tied to procedures. Supporters believe VBC encourages better patient health and reduces unnecessary tests. Critics argue about time constraints for value-focused care. Startups like CareBridge and Somatus are investing in VBC solutions, while established payor organizations like Aetna are embracing this model for better patient-centered care. VBC requires robust infrastructure and multidisciplinary care teams. The industry is transitioning towards VBC, but challenges remain, leading to the development of hybrid models to integrate the strengths of both systems for improved patient care.