The seismic shift caused by the transition from a fee-for-service healthcare system to an outcome-based approach is creating challenges as well as opportunities regarding how to effectively quantify “value.” The formulation and application of reliable performance measures advances the potential to substantially improve the quality and efficiency of the nation’s healthcare system.
Measuring outcomes is necessitating the development of new methodologies to identify value. By leveraging meaningful assessment of performance, the healthcare profession may better identify clinical best practices and ensure desired high quality patient care through transparency, accountability, and credibility. Both physicians and patients are essential sources of valuable information that informs better healthcare decisions and increase patient satisfaction.
The development of quality measures is foundational in the transformation from the fee-for service legacy system to healthcare organized around rewarding optimal patient outcomes.
Download our Primer: “Value Driven Healthcare” to learn more.