As healthcare systems worldwide grapple with managing increasingly complex patient populations, a rise in chronic health conditions, and growing care costs, value-based care (VBC) has grown in popularity. VBC’s potential to lower costs and improve outcomes is compelling: 93% of payers think advanced payment models will result in better care quality, while 79% believe they will result in more affordable care.
For these models to work, more emphasis must be placed on preventive care, rather than reactive care. By harnessing sophisticated data analytics tools, healthcare providers can proactively address health issues before they escalate, ultimately improving a patient’s overall health while deepening care value.
