The 5 Benefits of Value-Based Healthcare and What They Mean to You
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If you’re currently seeking out high quality patient-focused medical care for yourself or a loved one, you may have come across the term “value-based healthcare” while searching for the right healthcare provider for you.
If so, you may be wondering, what exactly does value-based healthcare mean, and how does this healthcare model benefit you as a patient? We’ll explore the answers to those questions here.
Looking for a medical home that offers exceptional patient-centered care? At Cary Medical Group, we’ve been providing patients in the Triangle area with comprehensive, quality patient care for more than 45 years. We invite you to contact us today to learn more.
What Does Value-Based Healthcare Mean?
Value-based care (VBC) is a healthcare delivery model that emphasizes provider accountability for delivering results. It does this by linking provider payment to quality of care, cost efficiency and improved patient outcomes rather than the quantity of services delivered.
Hallmarks of value-based care include a patient-centered approach, care coordination, emphasis on preventive care like routine check-ups and screenings and provider compensation based on outcomes.
Essentially, rather than a fee-for-service model that rewards volume, value-based healthcare focuses on provider performance and the patient experience, with the goal of delivering comprehensive coordinated care, better patient health, and lower overall costs. This approach helps providers earn more for delivering care that helps patients get better.
What Are the Goals of Value-Based Healthcare?
Value-based healthcare aims to advance several key goals. The primary goals of this model include:
- Improving patient outcomes
- Reducing healthcare costs
- Advancing health equity
- Enhancing the patient experience
- Supporting the well-being of healthcare providers
In addition to financial incentives, healthcare organizations who meet these goals experience increased provider satisfaction and an enhanced reputation for providing high-quality, affordable care.
How Do Patients Benefit from Value-Based Healthcare?
Value-based healthcare provides several important benefits to patients. These benefits include:
- Access to coordinated care, in which a team of providers work together to manage your well-being, leading to better outcomes
- Greater emphasis on whole-person, integrated care, where your physical, mental, behavioral and social needs are addressed
- The availability of additional resources to support your wellness goals, including provider referrals to other services and programs
- Increased availability of resources like transportation assistance and nutritional counseling
- Lower healthcare costs as a result of high-quality, personalized care tailored to your individual needs
- Increased access and equity for historically marginalized people, resulting in improved health outcomes and a better patient experience for all
- Emphasis on prevention and chronic disease management leading to improved overall health
How is Value-Based Care Different From Normal Healthcare Models?
The value-based care model shifts the focus of healthcare from volume of services to quality of services. VBC emphasizes care coordination, a patient-centered approach, provider compensation based on outcomes, holistic patient management, and importantly, preventive care to catch health issues early and keep patients healthy from the outset.
Delivering care through this model improves patient outcomes, elevates patient satisfaction, lowers costs and helps healthcare practitioners provide higher quality care, creating a healthcare system that works better for all.
Looking for High Quality Patient-Centered Care? Cary Medical Group Wants to Be Your Medical Home
Whether you’re looking for preventive care to help you get and stay healthy, or seeking treatment for chronic conditions, we’re here to support you.
At Cary Medical Group, we’ve been providing patients in the Triangle area with comprehensive, quality patient care for more than 45 years. We can help you make positive changes so you can lead the healthiest life possible.
We encourage you to contact us today. We would love to explore being your medical home and your partner in care.
Key Takeaways
- Value-based healthcare (VBC) is a model that links provider compensation to the quality of care and patient outcomes rather than the volume of services delivered.
- This model emphasizes patient-centered care, care coordination, preventive services, and holistic treatment approaches.
- The primary goals of VBC include improving patient outcomes, reducing healthcare costs, promoting health equity, enhancing the patient experience, and supporting healthcare provider well-being.
- Patients benefit from VBC through better coordinated care, personalized treatment, and improved access to resources that support wellness.
- Cary Medical Group has been providing comprehensive, patient-focused care to patients in the Triangle area for more than 45 years; we invite you to reach out to us to explore how we can become your medical home and partner in care.
The content within this article and others on this website is only for educational purposes and should not be considered medical advice. For any questions or concerns, please consult with your healthcare provider.
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Sources:
American Medical Association (AMA), “What is value-based care?,”
https://www.ama-assn.org/practice-management/payment-delivery-models/what-value-based-care
Centers for Medicare & Medicaid Services (CMS), “Value-Based Care,”
https://www.cms.gov/priorities/innovation/key-concepts/value-based-care
The Commonwealth Fund, “Value-Based Care: What It Is, and Why It’s Needed,”