It’s no secret that healthcare costs have skyrocketed over the past 60 years. Indeed, from 1966 (with the implementation of Medicare) to 1982, costs rose an average of 13% annually as the third-party payer system attempted to split the financial burden for healthcare costs between payers, providers, and care recipients.
Fast forward to 2010, and we see the passing of the Affordable Care Act (ACA) in an in effort to control rising healthcare costs. While this groundbreaking legislation did support the transition toward value-based care (VBC), the quest to balance services billed with the actual quality of patient care provided has proven slow and incredibly complex. Thankfully, knowing how the various VBC payment models and mechanisms impact an organization’s bottom line doesn’t have to be daunting.
To help you better understand the landscape of value-based care, this eBook explains:
