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The Value Based Care reimbursement model sounds great with its professed goal of higher care quality levels, lower costs, and a healthy claims reimbursement… But is this accurate? An example of one common critique of the model is it will keep score of the reduction in spending by reducing the cost of hip replacements over the year etc.
What are realistic expectations for Value Based Care? Why?
What is the “value” that should be measured as an output from the VBC healthcare system?
Is it a panacea? Does it work? Why?
Why has it not been implemented everywhere?
What is needed to improve it?