practical examples that support value-based of healthcare|My homework helper

Posted: February 14th, 2023

Watch this video lecture by Professor Michael Porter and “summarize the practical examples” he provides that support the “value-based” vision of healthcare that he presents in this lecture.

Week Three Discussion Question

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Watch this video lecture by Professor Michael Porter and “summarize the practical examples” he provides that support the “value-based” vision of healthcare that he presents in this lecture?

https://www.youtube.com/watch?v=DRkhppxZzL0

 

Submit a thoughtful, well-written, and grammatically correct post and consider using at least one scholarly reference to support your answer

SOLUTION

Here are some practical examples that support the value-based approach to healthcare:

  1. Pay-for-performance models: These models provide financial incentives to healthcare providers for achieving certain quality outcomes, such as reducing hospital readmissions or improving patient satisfaction.
  2. Accountable care organizations (ACOs): ACOs are networks of healthcare providers who work together to coordinate care for a group of patients, with the goal of improving quality and reducing costs.
  3. Patient-centered medical homes (PCMHs): PCMHs are primary care practices that focus on providing comprehensive and coordinated care to patients, with a focus on prevention and disease management.
  4. Shared decision-making: Shared decision-making involves working collaboratively with patients to make treatment decisions that are based on the patient’s preferences and values, as well as the best available evidence.
  5. Telemedicine: Telemedicine allows patients to receive care remotely, which can improve access to care and reduce costs, particularly for patients in rural or underserved areas.
  6. Electronic health records (EHRs): EHRs can improve the quality and safety of care by making patient information more readily available to healthcare providers and reducing the risk of errors.

These examples all demonstrate a focus on improving the quality of care and outcomes for patients, while also reducing costs and improving efficiency.

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