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

 

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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