Value-based Reimbursement in healthcare

 Value-based Reimbursement in healthcare has been touted as the best alternative to the conventional fee-for-service model. In this model, providers are reimbursed based on the outcome of the patients’ health. In other words, doctors won’t just be paid based on the number of services they provide, but on the patient’s overall health situation they engender. Consequently, this encourages and incentivizes providers to ensure that patients live healthier lives and manage their disease better.  

Value based payment systems Policymakers and researchers intend value-based Reimbursement in healthcare to be a silver bullet solution for improving the quality of care, promoting superior population health, and lowering the cost of care. That is an expected outcome since there is an emphasis on the quality or value of care given instead of care volume.   

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