value-based reimbursement

Value-based reimbursement is a healthcare payment approach that rewards providers for delivering quality care that improves patient health outcomes. Instead of paying for each service or procedure, providers are compensated based on how well they achieve positive results, such as better health, fewer hospital readmissions, or patient satisfaction. This system encourages healthcare providers to focus on effective, efficient, and patient-centered care, aiming to reduce unnecessary treatments and enhance overall wellness. Ultimately, value-based reimbursement aligns incentives to promote better health and cost savings for both patients and the healthcare system.