Value-Based Care

HNI FYI #3: What Does Value-Based Care Mean to a Patient?

When navigating through a value-based care model, patients act as the north star guiding every clinical decision.


As a patient, you can expect better outcomes at a reduced cost when your clinical team is practicing under a value-based care approach. 

Female physician holding hands with elderly patient.

When a provider is incentivized to be thoughtful about utilization management, their patients benefit from fewer redundant tests and consults and a reduced length of stay. It is key that patients do not spend more time in the hospital than they need to — especially the older population. Patients have a higher likelihood for developing hospital-induced diseases, such as sepsis, when they spend an extended amount of time in a hospital. Providers, practicing value-based care, are incentivized to provide safe, high-quality treatments as efficiently and timely as possible, which decreases the chances for developing such diseases and worsening a patient's condition. 

Patients can also see reduced costs over the course of their treatments. But saving money through value-based care does not mean providers are cutting corners or providing "cheap" healthcare. Rather it means that providers are held accountable for proper utilization management unlike the current fee-for-service model. Value-based care creates an incentive for hospitals and providers to place patient care back at the center of every clinical decision. 

Interested in learning more about value-based care? See what value-based care means to providers and hospitals?

 

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