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value based programs primarily tie payment to value

value based programs primarily tie payment to value

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Value base payment is a kind of reimbursement and it is an key alternative for fee-for-service reimbursement that pays providers retrospectively for services delivered based on annual charges or other scheduled fees. Value based programs facilitate the payments to health care providers for their service to the patients who need medical care. It encourages superior care for individual patients with affordable cost. It should be flexible and comprehensive to all population and healthcare providers. Payment methods should be aligned with care providers, purchasers and patients. In addition, value base payment encourages physicians to contribute patient orientation programs.

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