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In addition to generating billions of dollars in savings and improvements in quality, value-based care models have had a profound impact on the daily lives of patients and their families. Millions of patients in these models benefit from better coordinated care and services not covered by Medicare, including patient outreach and social supports like housing and transportation assistance.
Incentives to participate in Medicare’s advanced alternative payment models (APMs) have proven successful in transitioning clinicians to value-based care models. In the last decade, the number of clinicians qualifying for Medicare’s advanced APM incentive has increased by nearly 300 percent or quadrupled.