Effective Benefits Of Value Based Healthcare

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Effective Benefits Of Value Based Healthcare

• www.capminds.com

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What is value-based healthcare?

• Value-based healthcare is a healthcare delivery
  model in which providers, including hospitals and
  physicians, are paid based on patient health
  outcomes.
• Under value-based care agreements, providers are
  rewarded for helping patients improve their
  health, reduce the effects and incidence of
  chronic disease, and live healthier lives in an
  evidence-based way.

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Benefits Of Value Based Healthcare
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1. Patients Spend Less for Better Outcomes

• In value-based healthcare systems, healthcare
  providers concentrate more on providing
  preventative care which is less costly when
  compared with the treatments for a chronic
  condition like diabetes, hypertension, or
  obesity.
• Also, the physicians and other healthcare
  providers focus more on the treatment methods
  which helps patients to quickly recover from
  their illnesses and injuries.

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2. Increased Patient Satisfaction

• Unlike the fee for the service healthcare system,
  here the physicians focus only on the necessary
  tests and treatments for patients rather than
  taking a lot of unnecessary tests with the money
  motive.
• So with value-based care, patients feel very
  satisfied with their treatments.

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3. Improved Care Coordination

• In a value-based healthcare system, there are
  incentives and improved technologies that enable
  providers to coordinate care.
• The integration produced by collaborative care
  creates better outcomes for patients because all
  of their healthcare providers work together to
  improve overall health.

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4. Reduced healthcare cost and improved care

• According to the Centers for Medicare Medicaid
  Services National Health Expenditure Data, 17.7
  of the United States gross domestic product
  (GDP) was spent on healthcare in 2018.
• When fewer people need costly care, total
  healthcare spending decreases, which has
  beneficial financial implications for
  individuals, businesses, and the government.

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5. Stronger cost control and reduced risk for
payers

• Value-based care lowers costs across the board,
  meaning that insurance companies have to pay out
  less money for the services their subscribers
  use.
• When insurance companies have lower costs, they
  are less likely to raise premiums and
  deductibles.

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Conclusion

• As the healthcare landscape continues to evolve
  on a large scale, providers started adopting
  value-based care models.
• The huge transition from fee-for-service to
  fee-for-value has been embraced as a great method
  for increasing quality healthcare and lowering
  healthcare costs.

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• CapMinds join hands with the top healthcare
  providers in the United States to deliver the
  best Medical billing software, EHR, Practice
  Management, and RCM solutions that result in
  improved patient care and increased
  profitability.  

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Are you ready to speed up your healthcare
services?

• We, CapMinds are here to help you with the best
  healthcare software to reduce your administrative
  tasks, automate your workflow process, and
  improve your practice productivity.

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CapMinds EHR Services

• Contact us
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• 42240 Mason Ridge Ct, Brambleton, VA 20148
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