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THREE CATEGORIES OF VBC
By Eric Bricker MD
Medicare Value-Based Payments (also Called Alternative Payment Models) to Hospitals Fall Into 3 Main Categories:
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Filed under: Career Development, Experts Invited, Health Economics, Health Insurance, Health Law & Policy, Healthcare Finance, Videos | Tagged: ACA, ACO, Alternative Medical Payments, cpaitation, DRGs, Eric Bricker MD, Health Economics, Healthcare Finance, value based care, Value Based Medical Care, VBC |
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25% of Consumers Don’t Know What Value-Based Care Means
In a recent study conducted by Emblem Health, Nearly 1,000 consumers aged 18+ were asked “What does value-based care mean to you?” of the 26% who said they are aware of the term “value-based care,” the study shows:
• 25%: Value-based care has emerged as an alternative and potential replacement for fee-for-service reimbursement based on quality rather than quantity.
• 25%: A system where the price you pay is based on the level of care you get.
• 25%: Value-based care means to me that I am paying less premiums and copays for a doctor who will still give you quality treatment.
• 25%: I have heard the term used, but I am not sure what it means.
Source: EmblemHealth, “Value-Based Care: A Shared Mission in Need of a Shared Language,” October 2021
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