As the healthcare field evolves into a more efficient system, key changes allow for advances that are revolutionizing the industry. An innovative new value-based care model has expanded the focus to reducing costs, decreasing medical errors, and achieving better overall health for clients. Providers are increasingly turning to this value-based healthcare model in order to achieve value-based results.
Under this model, providers are rewarded for helping individuals reduce the negative impact chronic disease can have on a client’s life and the number of occurrences of chronic diseases. Rather than being paid by each service they prescribe or perform, they are rewarded based on the health of the client.
A value-based model can:
- Lower costs for clients
- Increase client satisfaction
- Offer reduced health risks
- Align prices with outcomes
- Lead to better overall health
This model is spreading through the primary care industry and while it’s had a positive impact, the behavioral health industry has been slower to adopt it.