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As we move into 2024, health care is experiencing unprecedented digital innovation and transformation. New technologies and capabilities are emerging to enable organizations – including payers, providers, and self-funded employers – to confidently take on risk in value-based care (VBC) programs.
The American Academy of Family Physicians reports that 49% of practices are participating in some form of value-based payment, and the Centers for Medicare and Medicaid Services (CMS) is still pushing its goal of having all Medicare and most Medicaid beneficiaries in accountable care relationships by 2030.
The VBC model incentivizes providers and payers to deliver higher quality care and optimize patient outcomes while reducing costs. VBC has gained significant traction in recent years, and its momentum is only expected to increase. Health care delivery organizations prepared for these changes will thrive in a value-based future.