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  2. Value-based health care - Wikipedia

    en.wikipedia.org/wiki/Value-based_health_care

    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 ...

  3. Pay for performance (healthcare) - Wikipedia

    en.wikipedia.org/wiki/Pay_for_performance...

    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 ...

  4. Value-based insurance design - Wikipedia

    en.wikipedia.org/wiki/Value-Based_Insurance_Design

    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. What Are Accountable Care Organizations (ACOs)? - WebMD

    www.webmd.com/health-insurance/accountable-care...

    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 ...

  6. Health economics - Wikipedia

    en.wikipedia.org/wiki/Health_economics

    Health economics is a branch of economics concerned with issues related to efficiency, effectiveness, value and behavior in the production and consumption of health and healthcare. Health economics is important in determining how to improve health outcomes and lifestyle patterns through interactions between individuals, healthcare providers and ...

  7. Center for Value-Based Insurance Design - Wikipedia

    en.wikipedia.org/wiki/Center_for_Value-Based...

    The Center for Value-Based Insurance Design at The University of Michigan ( V-BID Center) is an advocate for development, implementation and evaluation of clinically nuanced health benefit plans and payment models. [1] Since its inception in 2005, the V-BID Center has been actively engaged in understanding the impact of value-based insurance ...

  8. Preventive Health: What Is It and Why Is It Important?

    www.healthline.com/health/what-is-preventive...

    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 ...

  9. Evidence-based medicine - Wikipedia

    en.wikipedia.org/wiki/Evidence-based_medicine

    Evidence-based practices. Evidence-based medicine ( EBM) is "the conscientious, explicit and judicious use of current best evidence in making decisions about the care of individual patients." [1] The aim of EBM is to integrate the experience of the clinician, the values of the patient, and the best available scientific information to guide ...