value-based purchasing

Value-based purchasing is a healthcare approach where providers, such as hospitals and doctors, are paid based on the quality and outcomes of the care they deliver, rather than just the quantity of services. The goal is to improve patient results, safety, and satisfaction, while controlling costs. This system encourages healthcare providers to focus on effective treatments and patient well-being, rewarding those who achieve better health outcomes. It shifts the emphasis from volume to value, promoting higher quality care that benefits patients and the healthcare system as a whole.