A value-based health care (VBHC) approach is essential—one that reorients health care systems around a more encompassing metric. The goal of VBHC is not to minimize costs but to maximize “value,” defined as patient outcomes divided by costs.
In the struggle to manage health care costs, clinicians and policy makers are increasingly focused on value-based care. Leading health systems worldwide are documenting variations in health outcomes and in clinical practice, which allows clinicians to identify best practices and steer resources toward the clinical interventions that achieve the best results.
Value-based health care delivers higher-quality patient outcomes at the same or lower total cost for a given condition. Important steps in the process include a detailed analysis of existing outcomes data; identification of best practices; and the widespread dissemination of those practices to reduce variations in clinical practice and improve overall health outcomes.