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What is the difference between value-based and volume-based healthcare?

Value-based care encourages hospitals to keep patients as healthy as possible on a long-term basis to reduce healthcare costs. This stands in opposition to volume-based care, which rewards health systems that attract and treat as many patients as possible.

What is value-based healthcare model?

Value-based care puts greater emphasis on integrated care, meaning health care providers work together to address a persons physical, mental, behavioral and social needs. In this way, providers treat an individual as a whole person, rather than focusing on a specific health issue or disease.

What is a volume-based payment plan?

In volume-based care models, also known as fee-for-service models, healthcare providers and organizations receive compensation based on the quantity of services they provide or procedures they perform.

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What is volume-based model?

Historically, the volume-based care model, synonymous with the fee-for-service approach, has dominated the healthcare landscape. In this model: Healthcare providers are compensated based on the number of procedures and services they render. The focus is largely on treating ailments rather than preventing them.

What is high value care?

ACPs High Value Care initiative aims to improve health, avoid harms, and eliminate wasteful practices.

What is the fee for service payment model?

Fee for service (FFS) is the most traditional payment model of healthcare. In this model, the healthcare providers and physicians are reimbursed based on the number of services they provide or their procedures.

What is the quadruple aim?

Definition: Quadruple Aim is the expansion of the Triple Aim (enhancing patient experience, improving population health, and reducing costs) to include an additional goal of improving the work life of health care providers.

What is volume based model?

Historically, the volume-based care model, synonymous with the fee-for-service approach, has dominated the healthcare landscape. In this model: Healthcare providers are compensated based on the number of procedures and services they render. The focus is largely on treating ailments rather than preventing them.

(PDF) Value-based arrangements may be more prevalent than 2025

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