What is value-based care?
In value-based care, physicians are paid for keeping people healthy rather than the volume of services delivered. Through coordinated care focused on specific performance and quality measures that directly affect patient health, outcomes are improved and cost of care is reduced.
In value-based care arrangements, a defined set of attributed patients receive care through contracts between primary care organizations and payers, including Medicare, Medicaid and commercial insurance companies. Joining an accountable care organization (ACO) gives clinicians the information, technology and tools to deliver even better care, more easily and efficiently, enabling them to achieve performance measures and receive shared savings.
ACOs use the value and scale they create to garner more favorable contracts with payers, on behalf of their members. As doctors and ACOs work together to create savings, the savings are shared from the payer with the ACO, which shares these with its members.
Is it better than what you’re doing now?
You don’t have to choose between the joy of practicing medicine and running a great business. Value-based care can make a real difference in how you care for your patients and how you get paid for that care. Instead of just the current fees you get for services rendered, primary care practices are rewarded for focusing even more on quality and cost, and can get paid in multiple ways.
Rethink patient health and start getting rewarded for the care you provide. Discover a better strategy for you, your patients, and your practice at www.aledade.com.