Improving value-based patient care is one of the main goals of healthcare organizations.
For years, healthcare’s financial incentive framework has been based on a fee-for-service model. This means that providers and hospitals are paid based on the number of healthcare services they provide. A higher volume of tests or procedures results in greater payments to the entities that provide them. The seemingly important element that is left out of this equation is whether the patient, who is being subjected to these tests and procedures, is experiencing improved health.