VALUE BASED CARE
Innovation for Quality Care
Value-based healthcare is a concept that has gained a lot of attention in recent years. I have been working on innovative value based care models and the complexity behind payment reform to administer by payers is why we need to work together to innovate how to address specialty care. My passion in life is working collaboratively with all stakeholders to innovate and deliver on some new value based care models.
The idea behind value-based care is to shift the focus from the quantity of healthcare services provided to the quality of care provided. This means that healthcare providers are incentivized to provide better outcomes for patients while reducing costs. In orthopedics, value-based healthcare is particularly important because it can help improve patient outcomes and reduce costs.
Here are some reasons why we need value-based healthcare in orthopedics:
1. Orthopedic procedures can be costly: Orthopedic procedures, such as joint replacements, can be expensive. Value-based healthcare can help reduce the costs associated with these procedures by encouraging healthcare providers to provide high-quality care that leads to better outcomes.
2. Patient outcomes can be improved: Value-based healthcare can help improve patient outcomes by incentivizing healthcare providers to focus on the quality of care provided. This can lead to better patient outcomes, including improved mobility and reduced pain.
3. Reduced readmissions: Value-based healthcare can help reduce readmissions by encouraging healthcare providers to provide high-quality care that leads to better outcomes. Patients who receive high-quality care are less likely to require readmission to the hospital.
4. Improved patient satisfaction: Value-based healthcare can help improve patient satisfaction by focusing on the quality of care provided. Patients who receive high-quality care are more likely to be satisfied with their healthcare experience. A key to this is facilitating more shared decision making and educating the patient early in their disease.
5. Better management of chronic conditions: Orthopedic conditions, such as arthritis, are often chronic conditions that require ongoing management. Alternative payment models or condition based models can help improve the management of chronic conditions by encouraging healthcare providers to provide high-quality care that leads to better outcomes.
6. Improved collaboration: Value-based healthcare can encourage collaboration among healthcare providers, which can lead to better outcomes for patients. Healthcare providers can work together to develop treatment plans that focus on the quality of care provided.
In conclusion, value-based healthcare is important in Musculoskeletal care because it is one of the highest cost drivers. In an article in JAMA recently, MSK costs were the highest cost out of all medical services. By implementing value based care models we can help reduce costs, improve patient outcomes, reduce re-admissions, improve patient satisfaction, better manage chronic conditions, and improve collaboration among healthcare providers. By focusing on the quality of care provided, we can improve the overall healthcare experience for patients and achieve better outcomes.