The current practice management systems in hospitals and clinics deploy technology and tools to automate workflow, reduce costs and provide the best quality of care. Medical leaders are developing tools including patient engagement systems, healthcare reimbursement models, and more to improve quality of service and boost ROI. Even a myriad of health plans and standards of care are implemented to change the dynamics of the U.S healthcare industry,
With this industry becoming patient-centric, payments and reimbursements processes are also planned accordingly. And this is the goal of value-based care reimbursement. Value-based care is primarily accepted as a better alternative to the traditional model of healthcare payments and reimbursements. Unlike the FFS model, value-based Reimbursement in healthcare ensures that you pay as per the quality of service collectively to one provider. There are different models under this type of healthcare reimbursement model. So, value-based Reimbursement in healthcare emphasizes affordability and patient satisfaction.
