What is value based care?

Value based care is a healthcare delivery model in which providers, including hospitals and physicians, are paid based on patient health outcomes rather than the volume of services provided. This approach rewards healthcare providers for helping patients improve their health, reduce the effects and incidence of chronic disease, and live healthier lives in an evidence-based way. Value based care aims to improve quality, reduce costs, and focus on prevention and wellness, benefiting patients, providers, and payers alike.