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Value-based health care. Value-based health care ( VBHC) is a framework for restructuring health care systems with the overarching goal of value for patients, with value defined as health outcomes per unit of costs. [1] The concept was introduced in 2006 by Michael Porter and Elizabeth Olmsted Teisberg, though implementation efforts on aspects ...
In the healthcare industry, pay for performance ( P4P ), also known as " value-based purchasing ", is a payment model that offers financial incentives to physicians, hospitals, medical groups, and other healthcare providers for meeting certain performance measures. Clinical outcomes, such as longer survival, are difficult to measure, so pay for ...
Definition. Health care quality is the degree to which health care services for individuals and populations increase the likelihood of desired health outcomes. [2] Quality of care plays an important role in describing the iron triangle of health care relationships between quality, cost, and accessibility of health care within a community. [3]
Three people are standing behind a fence, trying to watch a parade as it passes by. One is tall, one is shorter, and one is a small child. The tall person can see over the fence, but the other two ...
3 min read. An accountable care organization (ACO) is a group of doctors, hospitals, and other health care providers that work together on your care. Their goal is to give you -- and other people ...
Value-based insurance design (also V-BID, VBID, evidence-based benefit design, or value-based benefit design) is a demand-side approach to health policy reform.V-BID generally refers to health insurers' efforts to structure enrollee cost-sharing and other health plan design elements to encourage enrollees to consume high-value clinical services – those that have the greatest potential to ...
5 min read. Chronic care management (CCM) is a billable Medicare service that’s meant to improve the lives of both patients and physicians. You qualify for CCM services if you have Medicare and ...
Preventive health refers to routine care you receive in order to maintain your health. It’s key to diagnosing medical conditions before they become a problem. Preventing serious diseases before ...