Results for tag: "Value Based Reimbursement"

Value Based Reimbursement (VBR) is a payment model used in Managed Care that ties reimbursement to the quality of care provided. It is an alternative to the traditional fee-for-service model, which pays providers based on the quantity of services provided. VBR incentivizes providers to deliver high-quality care, as they are rewarded for achieving certain quality metrics. This model also encourages providers to focus on preventive care, as they are rewarded for keeping patients healthy. VBR is becoming increasingly popular in Managed Care, as it helps to reduce healthcare costs and improve patient outcomes. It is also seen as a way to reduce healthcare disparities, as providers are rewarded for providing equitable care. Some companies in the VBR market include UnitedHealth Group, Humana, Cigna, Aetna, and Anthem. Show Less Read more