Value-based care payments encourage the provider to prioritize patient outcomes over short-term profits. By using a system of payment per health unit rather than payment per service, value-based care encourages providers to take time with their patients.
Value-based care, also called accountable care, is realized through a model of preventative treatment. Preventative treatment focuses on limiting as many health emergencies and wasteful expenses as possible. These interventions create both short and long-term savings for the patient and the health plan. Until recently, there was no way to compensate the driver of those savings: the provider. Now, providers can earn payments as they shift their model of service from reactive to proactive. Providers encourage patients to come in for health screenings, routine appointments, or counseling. Proactively planned visits are often more comprehensive and productive than problem-focused sick visits. Rather than trying to fit as many patients into a day as possible, providers can take more time to understand, connect, and solve. By helping patients stay on top of their health, providers strengthen their relationships with patients and can give more personalized care.
The US healthcare system is struggling. Everyone has a different idea of why, based on their own perspectives as a provider, patient, health system, or insurance carrier. IntraCare providers are committed to improving the system so patients can get better care. The way that providers are financially incentivized has a massive impact on what services they deliver to their patients. IntraCare is part of a movement to change that model, a shift toward a value-based payment system. If we want better care for ourselves and our families, we have to change the system for providers. This is what IntraCare does every day.
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For additional information on Value-Based Care, click here.