The age of value-based healthcare is here, and the Centers for Medicare and Medicaid Services (CMS) has taken the lead in healthcare delivery and reimbursement reform. The strategy is driven by a three-part aim to offer better quality health, to improve patient healthcare experiences, and to deliver services at lower costs. CMS has designed an array of care programs and payment models that are meant to shift the focus of healthcare from volume-based care to value-based care, to change the mindset of providers in today’s healthcare system to focus on quality over quantity. However, this change is not a “light switch” type of adjustment, where providers can simply make a small modification in their care delivery process to comply with new healthcare guidelines. Quality-over-quantity reform takes patience and time, and providers will be affected in three significant areas—compensation, collaboration, and data collection and reporting—as they transition into this new era of value-based care.