outcome-based payments

Outcome-based payments are a financial model where payment is tied directly to the results achieved rather than prior agreements or services rendered. In healthcare, for example, providers may receive compensation only if patients improve in their health. This approach encourages higher quality care, as providers focus on achieving better patient outcomes. It's a way to ensure that money spent on services leads to tangible benefits, promoting accountability and effectiveness in various industries. Ultimately, it shifts the focus from volume of services to the value and success of those services.