Shawn Fitzgibbon, Managing Director and Payer-Provider Practice Lead, explores why Value-Based Care (VBC) must evolve to secure health system sustainability in his latest blog. VBC aims to reduce costs and improve outcomes, but current models relying on non-compounding cash incentives are financially unsustainable. As operating costs rise, providers need a new approach that ensures fair compensation and aligned incentives to achieve desired outcomes. #BDCAdvisors #ValueBasedCare #VBC #HealthcareInnovation #HealthcareFinance #PayerProvider #HealthPolicy #SustainableHealthcare
Timely!
Healthcare Industry Board Member & Advisor | President & CEO Emeritus UCSF Health
1moVBC is no panacea, with incentives that are both positive (focus on prevention) and negative (impede timely access to specialty care) just as Fee for Service (FFS) payment has positive (take care of more patients) and negative (over utilize services) incentives. Let’s start a new dialog about what the standard of care for any given patient should be - both preventive and treatment. This is the potential of AI - to get us talking about what care patients should get, when and by whom - rather than the payment model -VBC or FFS -that is a surrogate for that standard of care.