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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 ...
Healthcare in the United States. An accountable care organization ( ACO) is a healthcare organization that ties provider reimbursements to quality metrics and reductions in the cost of care. ACOs in the United States are formed from a group of coordinated health-care practitioners. They use alternative payment models, normally, capitation.
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 ...
A health maintenance organization, or an HMO, is a common type of health insurance plan. If you’re a member of an HMO, your insurance company agrees to pay for your health care when you use a ...
Health care quality is a level of value provided by any health care resource, as determined by some measurement. [1] As with quality in other fields, it is an assessment of whether something is good enough and whether it is suitable for its purpose. The goal of health care is to provide medical resources of high quality to all who need them ...
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 ...