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Value-based care (VBC) is not new. The concept began in the 1980s with the introduction of managed care and capitation models, where providers were paid a set amount per patient rather than per service. However, it gained significant traction in the early 2000s and continues to evolve with ongoing efforts to refine payment models, improve care coordination, enhance patient outcomes, and manage cost efficiency.
Key stakeholders in the healthcare industry, including health plans, clinical data registries, and accountable care organizations (ACOs), must collaborate to improve health outcomes, enhance patient experiences, manage chronic diseases, and provide better access to care while keeping costs low. Achieving these goals requires a coordinated effort. By working together, these entities could leverage their unique strengths and data to collectively enhance care coordination, quality, and efficiency.