Provider Organizations Beginning to Compete on the Basis of Value-Based Care

We are transitioning from a fee-for-service healthcare system to a value-based one. This new approach is not well understood, particularly by patients. Value-based care is characterized by the documentation of organizational efficiency and effectiveness combined with positive outcomes for patients. One of the major goals is cost-savings. This is in contrast to fee-for-service where providers decide which services are provided to patients with insufficient attention to outcomes. In line with these changes, some provider organizations are marketing themselves as value-based organizations. Details about this were provided in a recent article (see:Paladina Health acquires Activate Healthcare, creating large provider of value-based care) with a excerpt below:Paladina Health, a direct primary care services company based in Denver, has acquired Indiana-basedActivate Healthcare, a provider offering customized services to employers and unions for preventive and primary medical care. The collaboration creates one of the largest providers of value-based primary care across the U.S., serving more than 170,000 patients in 18 states....With a growing focus in the marketplace on alternative care delivery models that are patient-centric and value-based, Activate Healthcare has been cited as one of the faster-growing organization-based primary care providers...."This partnership underscores the need for innovation and change to improve the health and well-being of Ameri...
Source: Lab Soft News - Category: Laboratory Medicine Authors: Tags: Clinical Lab Testing Cost of Healthcare Diagnostics Healthcare Business Healthcare Information Technology Healthcare Innovations Medical Research Preventive Medicine Quality of Care Source Type: blogs