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Value-based care (VBC) in healthcare is a model of delivering medical services that focuses on improving health outcomes and patient experience while controlling costs. The goal of VBC is to shift the focus from the volume of services provided to the quality and value of care delivered.
VBC programs may include alternative payment models that incentivize providers to prioritize patient outcomes and preventative care. For example, instead of being paid for each individual service, providers may receive a single payment for coordinating a patient’s entire episode of care.
VBC also places emphasis on patient engagement and education, encouraging patients to take an active role in their own health and wellness. By promoting preventive care, improving health outcomes, and reducing the overall cost of care, VBC aims to create a more efficient and effective healthcare system.
Overall, value-based care represents a shift in focus from the traditional fee-for-service model to a model that prioritizes patient health and well-being, resulting in better care experiences and improved health outcomes for patients.
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