Discuss The Concept Of Value-Based Purchasing, As Required By The Affordable Care Act

Value-Based Purchasing
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Value-Based Purchasing
Discuss the concept of value-based purchasing, as required by the Affordable Care Act.
Value-based purchasing simply means paying for value instead of the provision of a service. Initially, the US health care sector was only concerned with the provision of health care services. However, people are since the Obama administration ushered in the value-based purchasing program, attention shifted from just provision to include the quality or value of the services being provided. Paying attention to value not means that patients will get to receive better care but also means hospitals which focus on value will be recognized. Hospitals offer different kinds of services, however, the difference in the quality of services offered is quite significant. While some hospitals may want to pay attention to value and the quality of services they offer their patients, others are solely after maximizing their profits. The purpose of introducing value-based purchasing in health care ...