For many years, healthcare organizations operated exclusively under fee-for-service reimbursement models. As such, the more services they provided, the more they were paid. A pretty simple equation, to be sure. But the model was allowing costs to spiral out of control and quality to suffer – and that, in turn, created a complex problem. Value-based healthcare is now poised to address this cost-quality challenge. Under such models, healthcare provider organizations are reimbursed based on the quality of care delivered and the clinical outcomes achieved. As such, patients benefit from lower costs and better clinical outcomes; providers experience higher patient satisfaction rates and better care efficient.

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