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Value-based care is touted as a way of incentivizing providers to achieve the triple aim: delivering high quality care, improving population health management, and lowering healthcare costs.
While shifting from a fee-for-service model to a value-based care system has the potential to improve patient health outcomes and save healthcare organizations money, the transition from the old to the new has been a rocky one.
Independent practices in particular have struggled to stay financially afloat amidst strict, burdensome, and ever-changing federal regulations. Under the EHR Incentive Programs and Quality Payment Program (QPP), participating providers must adopt and utilize costly EHR technology to receive federal incentive payments or face payment penalties.