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Value-based care models incentivize healthcare providers to improve care delivery by tying reimbursement to care quality. While value-based care holds providers more accountable for patient health outcomes, it also affords them the resources and time needed to improve care quality.
As of 2021, nearly 60 percent of healthcare payments stemmed from value-based models, according to the Health Care Payment Learning and Action Network (HCP LAN).
Partnerships and contracts between healthcare stakeholders can kickstart value-based care participation, but providers must invest in technology to succeed in value-based models.
Technology capabilities, ranging from population health platforms to data analytics, are essential for providers to implement value-based and realize the intended outcomes.