Value-Based Care as a Solution for Healthcare Workforce Shortages

Widespread healthcare workforce shortages and high employer-sponsored health insurance costs are impacting health systems and increasing healthcare costs.  One potential solution for this problem is value-based care (VBC), which bases reimbursement on quality of care and patient outcomes.  According to a new article in Benefits Pro, this can keep employees healthier and happier while reducing organizational health insurance costs.

According to David L. Morris, “The underlying driver of value-based health care is to align reimbursement with positive health outcomes. As a result, providers are compensated for demonstrated quality and results instead of services delivered. It’s a model designed to align the vision of health care with the patient while dramatically reducing costs by minimizing extreme interventions. It achieves this by investing more resources in preventive care and chronic care management. Providers are then incentivized to offer optimal preventive care. But carrying through on the vision requires advanced technology to identify those at risk and measure outcomes within a new financial model.”

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(Source: Benefits Pro, March 21^st, 2023)