Question

How do you think value based reimbursement will impact financial management of health care

Answer 1

The value-based reimbursement will impact financial management of health care as when the healthcare delivery moves toward value-based reimbursement, the business model, and the care model will become increasingly intertwined. Changes made to care processes will lead to a significant impact on financial performance. Organizations will need tools that will help them identify their revenue and cost drivers and provide insight related to; how cost, quality, and care decisions can impact the network as a whole. In this method, there will be a shift of the financial incentives further away from the volume as provider payments will be linked both to the quality and total cost of care results.