Healthcare IT News: Value-Based Care

Value-based care or accountable care is a type of reimbursement in which health care professionals get rewarded for the quality of care they offer to patients. It is based on the principle of pay-for-performance rather than fee-for-service (found in traditional healthcare). A value-based care model depends upon individual factors like how patients are treated and how well health care providers can improve their quality of care (such as reducing hospital readmissions, improving preventative care). The advantage of a value-based healthcare system extends to patients, providers, payers, suppliers, and the whole society.