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The transition from fee-for-service to value-based care (VBC) puts continued pressure on the healthcare industry, especially as organizations push to remain relevant in a competitive environment while improving patient outcomes. The primary goal of VBC is to enhance clinical results and reduce overall healthcare costs, aligning care delivery with the evolving expectations of payers and patients. Learning to utilize comprehensive, real-time, and actionable data from advanced technology will fully enable this transformation. Once this is accomplished, ideas can be put into action that guide clinical decisions, optimize workflows, and drive further innovation.
According to McKinsey & Company, value-based care will touch 90 million lives by 2027, a drastic increase from 43 million in 2022. This expansion will be fueled by rising commercial VBC adoption, greater penetration of Medicare Advantage, and the Medicare Shared Savings Program (MSSP) model in Medicare fee-for-service. Data-backed knowledge and integrated systems will facilitate this evolution in care and shape the future of care delivery, impacting every provider’s approach to patient care.