Healthcare spending in the US is double that of other high-income nations, potentially crowding out investments in education, infrastructure, and employee wage growth. The numbers are harrowing.
So, providers and payers are reorienting care delivery toward value in an effort to bend the cost curve and address runaway costs. Value-based payment models are proliferating across the country, including episode-based bundled payments, patient-centered medical homes, and accountable care organizations (ACOs).
For suppliers, market variation impacts the success of traditional representative access models, as providers, payers and employers in value-leading markets begin to shift their expectations from suppliers and redefine rules of engagement. Read more about where the healthcare market is on value-based care HERE.