Value-based payment is a healthcare reimbursement model that incentivizes providers based on the quality of care they deliver rather than the quantity of services provided. This model shifts the focus from volume-driven care, where providers are paid for each service rendered, to outcomes-driven care, where providers are rewarded for improving patient health and delivering high-quality services. By aligning financial incentives with patient outcomes, value-based payment aims to enhance the overall efficiency and effectiveness of healthcare delivery.
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