Practices transitioning to a value-based care framework have found the approach can improve patient care and reduce overall costs. When the model runs properly, patients have fewer readmissions, hospitalizations and trips to the emergency department.
Other cost-saving opportunities include eliminating unnecessary tests or imaging services, using lower-cost versions of durable medical equipment, and cutting back on duplicative laboratory testing.
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- Toolkits:
- AMA Module: What Are the Components of Value-Based Care?