Paper looks at first step to value-based health care
Denis Cortese, professor and director of ASU's Health Care Delivery and Policy program, has authored a new paper with Natalie Landman and Robert K. Smoldt, both associate directors of the new health care program at ASU, titled The First Step Toward Value-Based Health Care.
In the paper, the authors examine the path to a value-based health care system in the United States with good patient outcomes and cost efficiency.
"Value can be defined as patient outcomes divided by total cost per patient over time. What we need are financial incentives and rewards for providers who actually deliver good value, yet we must be careful to guard against unintended consequences of Medicare’s present pay-for-performance and value-based purchasing schemes," the authors warn.
The paper appears in the Institute of Medicine of the National Academies.