Extracting data to deliver value-based care
Healthcare IT News | February 19, 2020
Value-based care is far preferable to a fee-for-service model, as long as we agree on value, and can be transparent in our approach. At its extreme, a fee-for-service model rewards someone who takes many attempts to get it right, whereas value-based care rewards the delivery of what matters in the most efficient way. Data has a huge role to play in this, particularly in helping to define and analyze the most appropriate metrics for value. Data allows us to use a common language for value, and can make transparent the link between the activities undertaken in healthcare, and the value that is received by consumers. When data can be shared, people can see more clearly what they are receiving, and what is having the greatest impact. A fee-for-service tends to lead toward giving the same care for everyone, as we get good at efficiently delivering a particular procedure or program.