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Value-based healthcare payment models: a wolf in sheep's clothing for patients and clinicians.

Authors :
Bohler, Forrest
Garden, Allison
Brock, Callaham
Bohler, Lily
Source :
Annals of Medicine; Dec2024, Vol. 56 Issue 1, p1-4, 4p
Publication Year :
2024

Abstract

Value-based healthcare payment models are an alternative insurance payment system that compensates healthcare providers based on their patients' outcomes rather than the individual services healthcare workers provide. This shift from the current fee-for-service model that predominates our medical system has received renewed popularity and attention within organized medicine such as the American Medical Association. Advocates believe that this new payment model will address many of the unsolved issues in healthcare such as medical waste and unsustainable healthcare costs. In practice, however, this model is plagued with a myriad of unresolved issues of its own. In this commentary, we outline these issues and suggest that the intentions of those advocating for value-based payment models are either misguided or disingenuous. We then offer solutions that preserve our current fee-for-service model while making necessary changes that will benefit both physicians and patients nationwide. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
07853890
Volume :
56
Issue :
1
Database :
Complementary Index
Journal :
Annals of Medicine
Publication Type :
Academic Journal
Accession number :
178875938
Full Text :
https://doi.org/10.1080/07853890.2024.2382948