What does “value-based care” aim to achieve?

“Value-based care” aims to improve patient outcomes while controlling costs through the quality and efficiency of care. This approach focuses on the overall value of care delivered rather than the volume of services. In a value-based care model, providers are incentivized to provide high-quality care that leads to better health outcomes for patients while simultaneously reducing unnecessary expenditures.

This model contrasts with fee-for-service arrangements, where healthcare providers are paid for each procedure or service performed, potentially leading to higher costs without corresponding improvements in patient health. Instead, value-based care seeks to promote a holistic approach to health management, encouraging preventive care and chronic disease management, which can ultimately enhance patients' well-being and reduce long-term healthcare costs. By aligning incentives with patient outcomes, the model fosters a healthcare environment that prioritizes effective treatment and efficient use of resources.