Value based care (VBC) continues to become a mainstream reality for health care providers. While a patient may not notice a difference between a value based or a fee-for-service (FFS) approach, there’s a stark difference for physician practices. It represents a complete paradigm shift.
VBC is a necessary approach that allows physicians to care for the whole person and promote strong global outcomes by prioritizing a preventative focus and redressing barriers to care. Whereas FFS promotes episodic treatment of the main presenting problem, VBC aims to encourage proactive care for the whole patient, with the reimbursement to support it. It’s a welcome concept for most physicians, yet this paradigm shift in care management also requires some pivotal shifts in practice management.
Case in point: Coding.
