SourceMed - Revenue Cycle Management in a Value-based World

The Affordable Care Act aims to reverse this trend, improving care quality and outcomes while reducing costs. In essence, it seeks to provide an affordable approach to improving the health of the overall population by changing the reward system for healthcare providers. Instead of the current fee-for-service model which ties payments to volume – the more patient visits and services, the more profit –it shifts the focus to value. Under this new approach rewards are based on the triad of the healthcare act: cost, service quality and outcomes.

 

Keywords: 
Revenue Cycle Management, value-based models, payment for service