What defines "value-based care" in health care delivery?

Value-based care is defined by its focus on compensating providers according to the health outcomes of patients and the quality of care they deliver. This approach is designed to enhance the overall efficiency and effectiveness of health care by incentivizing providers to improve patient health and deliver high-quality services rather than simply increasing the number of services provided.

In a value-based care model, reimbursement is closely tied to metrics that reflect the success or improvement of patient care, such as patient satisfaction, chronic disease management, and overall health outcomes. This stands in contrast to models that prioritize the quantity of services rendered or the lengths of hospital stays without regard for the effectiveness of those services. By emphasizing outcomes and quality, this model aims to promote a more sustainable healthcare system that benefits both patients and providers.