Dr. Dana Strauss, DPT
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For healthcare professionals interested in a career path outside direct patient care, working in value-based care related roles might be the perfect next step for you. Let’s explore what value-based care really means, why it's becoming increasingly important in healthcare, and the career paths that open up if you learn about how VBC works and what is required for organizations and providers to be successful.
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Value-based care is already here. Well-structured and mature programs improve patient outcomes, reduce cost, and improve the experience of care for both patients and healthcare professionals themselves. It’s a rare “win-win-win” in healthcare.
Modern value-based care principles are only about a decade old. But some early adopters are exclusively providing care within the constructs of value-based payment models.
So it’s not “if” or “when,” but “how long it will take” for value-based care to overtake fee-for-service.
The good news for healthcare professionals is that value-based care opens up many new doors for skilled healthcare providers who understand how it works.
I like this visual from NEJM:
Value-based care changes incentives in healthcare. Some say the term “value-based” is confusing, because it makes people think about the “value option” in stores, referring to the lower quality alternative to another product.
That’s not at all what it is.