It’s no secret that patients with serious mental illnesses (SMIs) are costly to care for and have significantly worse outcomes than their peers.
But value-based care models could enable providers to get creative in caring for these patients, leading to better outcomes and lower costs. Specifically, the value-focused model could allow providers to use wrap-around services that address social determinants of health and focus on whole-person wellbeing.
“Care that is driven by financial reimbursement is not designed to solve a problem, and it’s designed to continue the cycle of reimbursement,” Sonia Garcia, co-founder and chief product officer of Amae, said during Behavioral Health Business’ VALUE event. “What value-based care does is it breaks that cycle.