According to Lecture 7, value-driven health care is a shared system that combines interoperable health payment systems, information technology, and evidence based quality standards. A value-driven system is not mandated by the government, instead, it is a voluntary program run by the Health and Human Services (HHS). Providers can voluntarily and publicly provide HHS with commits pertaining to Quality, Prices, and incentives for Quality and value ("Lecture 7," 2017). Right now the majority of "payers" have little to no control over compensation arrangements for Physician Health care services. Instead of having a shared value-driven system you have providers being enticed to use overutilization fee-for-service payment system that can lead to unneeded health services and cost. Then you have
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The ACA is a start to a value-driven health care approach because it has changed a huge part of the health care systems regulations regarding payments to hospitals and physicians to promote health care value, patient out come, and delivery of services. For example, bundled payment methods, incentives, voluntary hospital, benchmark methods, and physician public reporting encouragement. But there is still a long way to an entirely value-driven health care system because of the complexity of collaborating different stakeholders to support a value driven system. On one side of the U.S. health care system, you have Governmental administered competition consisting of National Health Service-Monopsony (Buyer dominate). On the other, you have value-based administered competition composed of a free market, provider/insurer oligopoly, and provider monopoly (seller dominant). Balancing the health care marketplace and perfecting the right amount of care and cost associated with a diagnosis is profoundly complex (policy, 2014). There is still a lot of experimentation and pressure among different stakeholders to reduce cost at the same time as increasing the deliverance of
The ACA is a start to a value-driven health care approach because it has changed a huge part of the health care systems regulations regarding payments to hospitals and physicians to promote health care value, patient out come, and delivery of services. For example, bundled payment methods, incentives, voluntary hospital, benchmark methods, and physician public reporting encouragement. But there is still a long way to an entirely value-driven health care system because of the complexity of collaborating different stakeholders to support a value driven system. On one side of the U.S. health care system, you have Governmental administered competition consisting of National Health Service-Monopsony (Buyer dominate). On the other, you have value-based administered competition composed of a free market, provider/insurer oligopoly, and provider monopoly (seller dominant). Balancing the health care marketplace and perfecting the right amount of care and cost associated with a diagnosis is profoundly complex (policy, 2014). There is still a lot of experimentation and pressure among different stakeholders to reduce cost at the same time as increasing the deliverance of