Strategic advantages of VBC
Fee-For-Service | Strategic advantages | Value-Based Care |
---|---|---|
No penalty protection | Penalty protection | Penalty protection mechanisms from financial losses due to unforeseen patient outcomes |
No clear focus on preventing long-term chronic conditions | Long-term health outcomes | Quality care focuses on prevention and improving patient outcomes—avoiding issues that can develop into long-term chronic conditions |
Limited data use for practice insights | Practice insights | Closer attention to trends and data provides helpful practice insights |
CMS continues to update policies that favor VBC implementation | Policy shifts | The CMS aims to transition Medicare and Medicaid beneficiaries to VBC by 2030 |
N/A | Data, technology and analytics | Utilizes clinical markers to measure patient improvement |