So as we think about our investments
and looking out into the market
and how we can best serve our stakeholders and clients,
we want to first focus in on how we define value-based care.
And as we think about value-based care,
this is a really important part of the industry,
as we think about where everybody from CMS is pushing,
to your health plan partners that you are working with.
So how do we define value-based care?
Value-based care is rewarding providers
for delivering quality of care,
not just volume of care.
Healthcare providers work together,
and with their patients,
as we think about value-based care,
to collaborate and keep those patients healthy.
Thinking proactively about preventative care,
not just reactive sick care,
how can providers partner with their patients
to avoid unnecessary utilization,
medical costs, and hospitalizations,
keeping those patients healthier and at home.
And, in addition, thinking about the whole person
and various social determinants
that are impacting the health of that patient.
With that definition of value-based care,
there are a number of benefits that we wanted to touch on.
First, value based care programs
create additional financial opportunities
for you and your practice.
It helps to bring rewards
for improving the care of the patients,
and enables you to be able to spend more time
with your sicker patients,
while also addressing preventative opportunities
and holistic patient needs
across all of the patients that you are serving.
That's really important,
because as we think about providers and practices today,
we know that burnout is a really important challenge
that we need to help to overcome.
And one of the things with making this shift
to value-based care away
from fee-based, activity-based payments,
that we know that providers
that have had 75 percent or more of their revenue
tied to value-based care arrangements
don't experience the same burnout
because they're able to focus more on their patients,
spend more time with them,
again, focusing on those sicker patients,
while balancing that with the preventative care
to your healthier patients.